*note today's massive trading volume of 38 million, the highest since Nov'9th.
Today's major drop in US Steel was something of a surprise, as just yesterday the stock was making a challenge to break above declining trend/resistance. By definition, yesterday is now a major failure, and we already have a decisive break of rising trend.
The 200dma is currently in the mid $27s, and is another 15% lower. The threat of further weakness is there, unless a break into the $35s.
Core support remains in the mid $26s. No price action <26 is expected within the near.. or mid term.