@Bundy Not trying to antagonise here, genuinely curious as to what the chart is telling you other than having broken down from rangebound trade and short term down-trend?
SP has dipped below 20c into the mid-high teens at least five other times in it's history and always went on to move back up again, sometimes quite significantly.
although this time, we're a fair amount further along the development timeline, albeit with a landscape of lower (but rising) V price and jittery markets (yet again)
Can you please explain what the chart says this time that rules out the possibility of that happening again?
Bearing in mind that each time this happened in the past, the buy/sell depth looked equally as unimpressive as it has done the past couple days, yet still never capitulated.
I try to stay agnostic about these things so happy to hear thoughts from both sides.
