We have a potential game changer on our hands here. Many support levels have broken and some are being tested as we speak BUT the bottom line is this:
The trend is changing and it's starting to be very evident!
We were in BUY THE DIP mode since march BUT now we will be SHORTING THE RALLIES mode.
Look, we are oversold, that's for sure BUT the bounces are not coming which makes me think that there's more room to fall before the serious bounces come. So now my strategy is to short strength.
100% all cash and waiting....
Let's see what the close looks like.
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