FKLI Bears Very Much In Control

Precision Rebound of an oversold FKLI
FKLI Volume for Aug contract hit record when it hit 27,202 lots traded in a single day, that would be a volume spike that you could expect to see when the market is turning around. Precision is the key of survival and most trading participants are expecting major market rebound after the market have been sell-off for few session.

In other words, you would most probably get whipsawed if you are loading Short positions when the market is rebounding. Trading strategies remain, Short when the market hit first  resistance level and hold it longer so you can ride the down trend, hopefully. 

Daily Pivot Point
R2= 1519
R1= 1489
S1= 1428
S2=1396

GOODLUCK2ALL