Charting momentum is next to impossible. Flip a coin. RMC.V looked like a runaway gap and broke down filling the gap to $2 where it initially broke out. This could break down and test support at $0.80 and then utimately fill the gap at $0.70 like RMC or it could take off. We will know by Friday if we get a breakout or breakdown. Maybe my bottom line is a little tight... but who likes to lose precious capital?
One thing that the SP has going for it is that at current price there is little $$$ reason to hammer it down to $0.70. Also there seems to be enough volume/bids to support any more selling but it really does need to dry up by Friday. Markets may be signalling a trading top as well so that might be something else to chew on... we are in risk off mode... so there is a lot less correlation to the overall market than in a risk off environment. But trading top could see initial selling sympathy.