Yesterday closed with a nice red candle below the 21 SMA confirming the bears are in control. I'm looking for a 382 retracement of the entire move with targets at 1250. As i see it, I think 1292 will give us some stick but eventually breaking through it after a few days. If i see a seller failure in the green zone then i'l buy into the failure with targets even higher than last time. If it fails in the red zone then i'l still buy it but only having targets 2 and 3 painted. However if you look at the weekly chart this retracement to 1250 is just a pull back into the 21 MA so it should bounce from there.
Trade closed manually:
Very strong bull candle i'm out.