so far (knock on wood), playing out as expected from last post: EXC made a successful re-test of the recent 60 min bullish falling wedge breakout, which also coincided with a brief break below key support on the daily chart, which should have served to wash-out some of the remaining weak-handed longs and suck in some more shorts. if so, that kind of action should serve to change the near-term supply/demand balance of the stock… as you have fewer remorseful longs (potential sellers) and more shorts who will quickly see losses and/or their reasoning for entering the trade (a break of support) vanish. as they cover, you get a larger supply of buyers vs. sellers and hence, a move higher in the stock. all this in theory at this point. for starters, i’d like to see the stock close above that daily support line.