Today was a strange day. VIX dropped from the open a decent amount despite equities barely making an intraday comeback. Either the market is overly complacent or a short squeeze is lurking around the corner. That aside, we closed below consolidation which opens the door to a big decline.
I went back and forth a lot at end of day deciding whether to go short. The low volume settle in the lower BB is threatening short squeeze but we have slipped below major support. I only have a core short position that I will let bounce if it happens as the retest of lows targets gives me at least 1:3 risk to reward
Levels of resistance which should be strong