Friday Prep
From yesterday's prep: Further pressing into the 61 area could see a move to test the 57 swing low. If that breaks sellers will have control and I'd expect an attempt to move down to the 35.50 HVN if there's enough participation behind it.
We got a quick rejection of higher prices after the open at 61.50. The weak internals and heavy volume helped prices push easily through the 57 swing low. Every pullback was quickly sold and trend down day conditions saw prices hit 35.75 just before the close.
The split profiles above show how each 50% pullback has been sold on the way down.
Today's zones below. I'm using 35.25-36.75 as a short term bull/bear zone.