Fakeout today on news, ultimately needs more time to consolidate. There is so much overhang considering the retrace from the highs but looking at the weekly the WMAs are starting to turnaround, which suggests that a period of consolidation may occur until there is meaningful news. Keeping an eye on it; I am not keen until that overhead resistance in the high 50s, low 60s is cleared (where the original gap was at 65).