This is useless information. Or do you mean wait until 5550 for the readers to buy? A newbie can see that level on the chart got rejected from 11:40 to 12:40 Yeah break thru it and we might climb. But we need actionable calls. This isn't chart reading 101 here.
I doubt we're bouncing today. Maybe in the last hour. Sidelines are the best place for now. For longs that is.