Converging lines of resistance, fib extensions, the top to a large channel ... there's lots going on to be bearish about. Not to mention the need to test 4K psychologically is strong. I'm staying out for now and just observing. With month end coming up - that will wrap up the largest bull run in the history of monthly candles - I'm going to just observe what happens.
Trade closed: target reached:
I don't think this could have been much more accurate, I think a bounce is in order!