Monday, June 8, 2015

[$COMPX] better bounce tomorrow...

... or else the mood is going to become decidedly bearish.  In the backlink I wondered if we would gap down today below support.  While down nicely today, there was no gap, no fear yet.  But the chart is right on support and so either the buy-the-dippers rush in and save this thing or I think a significant sell off will ensue.  I'm holding my 1.5x UVXY position and will add to it when I think a breakdown is confirmed.



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