Prices fell quickly this morning, and left everyone as a late short or on the sidelines.    This had me begging for a sharp correction and another attempt to get short.

Price did setup nicely and we got the short, however the risk was a bit higher than I would have liked as I kept it above the highs, and I was surprised to see the lack of follow though.   We barely cleared target before reversing back into the range.

Once we traded back into the range and failed to make new highs we eventually completed the next leg down, although it took most of the day.

1 pt in 65 mins from open

On the bigger picture we are testing a major support.  Unless we blow right though the level I would expect it to get a bit messy.