The support levels you are trusting are completely fabricated, and an elite cartel is actively collapsing the floor.
$IBM is dropping -3.60% down to 261.26, and amateur traders are stubbornly holding their bags hoping for a miracle bounce that has already been canceled. The raw institutional data reveals an absolute, unquestionable massacre. 35 ruthless Short whales have hijacked the order book entirely, commanding a $4.51 Million position and easily banking +$74K in profit with a 94.28% win rate! Facing this massive army, a measly 7 Long whales are practically extinct, clinging to a pathetic $141K bag and bleeding out in the red. The Notional Long/Short Ratio is practically nonexistent at a fatal 3.13%. The bulls have been completely eradicated from the market structure. I am aggressively opening my Short position right now. Trying to find a bottom in this perfectly orchestrated downward avalanche is absolute madness, and the final flush will be incredibly violent.