I was seeing some short term accumulation.
Here's what I had to say about it,
" Here the 1 min chart is showing a positive leading divergence, note the downside momentum earlier today and how it faded to a lateral trend once the positive 1 min divergence began. This fits well with my theory that the market will bounce a bit before the next leg lower, which also allows us to get better positioning with less risk on trades like this that may bounce. The overall character of 3C s negative/bearish, the 1 min chart is not significant regarding the primary trend, it's just showing us what a counter trend move might look like which again is an opportunity."
And true to form, with everything we've been seeing in financials the last few days, CSE has bounced today. I put an initial target for the bounce in the last update just below $6.50, we are at $6.05 with an intraday high of $6.10 right now.
Right now 3C s inline with price, so there's no signal to short t yet, but I would keep CSE on the radar and on the short list, when the reversal comes, it may come quickly.
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