EEE does have some daily support in the area coming from 2 sources.
The 1 min chart DID NOT confirm the move down which is bullish.
Nor did the 5 min chart and we have leading positive divergences.
As for TSO, it needs to show strength today and close back above $25.83-ish. Otherwise, I'd probably reduce my exposure to the position if not close it entirely. The market is likely going to be very volatile, we may even see a 1-day oversold condition today that could provide a bounce tomorrow. Look at the 2007/2008 top declines and you'll see the first major break doesn't usually lead to a big mov down, there's bounces and such, that's why tops are so difficult. That' not to say that we haven't already seen that behavior. Fundamentals are now solidly in control of the markets which means that FEAR prevails and if you look at any bull market vs a bear market, you'll see that bear markets fall faster and harder in less time, thus FEAR is the strongest and most irrational emotion in the market, again, making tops exceptionally volatile.
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