I will be looking for a false break reversal sell around NY session time to poke above the high a tad and continue in the down direction.
This market is in a downtrend and is making lower highs and lower lows.
I will expect a deeper pullback at some time to retest the 200sma again.
This of course depends on how it plays out tomorrow
This market is in a downtrend and is making lower highs and lower lows.
I will expect a deeper pullback at some time to retest the 200sma again.
This of course depends on how it plays out tomorrow
Comment:
Another variation is a pullback to the hourly 21ema at the 33% of the prior move back down to 113,17