i might look for a short little higher, if it does not make a new RTH high. right now bulls are still in it.
Bounce off the 21 EMA on the daily chart makes me wonder about any further down. Who knows, though. Today is really difficult for me to figure out. That first stop out of the day kicked my butt. Could have been in good profit had I sold my second entry before it turned. Now looking for some indication of where this is going.
i am playing by fibs, for now. its hard to draw levels manually , getting lazy and also looking for longer term plays.
that move this morning could be to shake off longs in MHO as always intraday thinking, nothing concrete.
u could be right, i do see some cracks in the bullish moves at the 86.50 resistance. not sure about bear momentum at the moment.