Don't rely on what you see on L II....it is highly manipulated. All day long there have been large amounts on the bid and the ask was seling into it. These big bids have been moving down.

I hate to be a pessimist, but this has been what you would see with distribution by bigger players with MM assistance.

It should not be unexpected since not many big players will want to continue with the risk and would see this spike as an escape.

Let's all just hope they are wrong. For me I won't be surprised with a close below $1 or at least a break.

Today's pattern has been the same as KRY has been doing for over a year. We just need to find the point where buyers step in.