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sub is a prefix meaning below. For example, subterranean (underground) or submarine (under water). So in this case below 80.
Why fight the trend? If that support gives out, those longs will quickly be neck deep in doo-doo.
Wouldn't this be the same thing essentially as closing the position entirely?
Going to try a short here. Trend is down on daily and setup is nice on small charts (see attached chart). image
It has been slow. No surprise though. We might not get good action until Wednesday.
Largest technical indicator is price. Some may say it's the only real indicator. If you are going to contradict price, then you better be ready to stop the beating quick. Otherwise you will be a bloody mess in no time.
Experience (or lack thereof)