As I observe what GU is doing I'm bearish from the previous 2 weeks of action. I'm expecting what it's doing now to be a retrace for a much bigger trend. We have fed News coming up on Wed with a decision on interest rates. I'm sure the market is waiting on that before deciding a direction. This area here could be the high for the week and it drop from somewhere around here. But I don't trade on Monday cause if my set rules. We will allow the market to do what it's going to do today and show its hand for what it wants to continue doing. Long as we get a break to the downside we should continue bearish. But wait for that break to the downside FIRST some time after Tues. then look for the entry to sell.
