We quickly pumped past the 21 day MA in just 1 day with good leaving little opportunity for an ideal buy area for most traders.
and are overbought in the 4hr, We could be expecting a possible retrace to 6580-6630 ranges soon! That would be a decent area to open a long position as they will serve as strong support region.
A daily close below 6550 would invalidate our trade idea - and would be signal to sell.
If market goes below 6500, It would mean the bears are back in business.
If we close above 6800 on the daily - BUY ASAP . You wont get any more opportunities!!