We have been accumulating in this range for quite some time (March 10th) and picking up a lot of volume. I think this is a very strong indication to be on the bullish side even though this pullback changed a lot of minds. IF we can reclaim the local range high, then reclaim the HTF range EQ, retest and break the market structure it should signal a long. We can drop back down into very low 50's but with volume spiking above entire range I don't see that happening yet.