The shorts are really playing with this now but we appear to...

The shorts are really playing with this now but we appear to have bounced off a long term support line. But this is pretty hectic at the moment. Risk of a CR and a failed sale is what's giving the shorts fuel for their fire.

That said, you have to question how much lower it can go.

Should it find support around here, it could very well trade back up to the resistance line or at the very least treat the risk-on trader to a solid bounce.

I've been trading this a bit and doing slightly better than average and winning more than I'm losing. These levels look very good to me so I've taken a few positions under 220 and expect to see it come back to 230 pretty soon.