$LITE, I think it's likely to go lower first Lumentum Holdings, Inc.NASDAQ:LITESwing_Trader_SaanLITE, we shorted this a few weeks ago, and it's finally starting to break down. I've seen some posts from people calling this a good buying opportunity, but I disagree. I think it's likely we move lower before a durable bottom forms. I'll reverse my short position to long once the probabilities shift in favor of the bulls. Until then, I'll continue assessing the selling pressure and price action for signs of exhaustion. SOX NVDA