Sell at 6800
stop at 6100
How do I know if thatis a good trade?
Currently, Channel is still supporting daily candles with precision. We have some room to touch the bottom line, and If volume keeps building up we are likely to see meet the ceiling at 6800. That's where things may get interesting, let's watch volume closely.
However, there is a good chance bulls may spike it past the support line to get rid of shorters. This weekend the CME futures expire and we may see new influx taking the trend to a new short term bullish channel.
In the long run, I think we are still at the tip of the bearish correction, and we need to have one more big dip to strong support lines before we can convert to bullish trend.