The current dead-cat bounce has run out of steam. Prepare for a repeat of testing the lows of below $300 ~at the end of October.
$275-$300 area has to be tested again, no way around it. If that holds, the bulls can cautiously rejoice.
I agree, we have tested $275 already, but if we break it, it might just as well go down to 100 bucks, hopefully this resistance is strong enough to keep it above $300.