$SKHYNIX bearish — the price is pinned to the floor by the moving averages, grinding there. The momentum that tried to push higher has completely drained out over the past four hours. This level is a gallows set up for the bulls. A rebound that turns back down, momentum turning negative— the inertia to keep accelerating upward has already been cut off. Not even the short-term moving averages can be pulled back. The trend-side script has been rewritten from acceleration to a slow, creeping decline. Since the moving averages can’t be reclaimed, any rally is ammunition delivered to the shorts. With direction only left to head to the next support below, I only bet on downside.