I hate , it blows. But, there's a nice opportunity to pick up a short, we are waiting for a close below 289.00's ideally to get a safe sport, and less aggressive traders can get their short at around 286.10's for more safety.
Some nice levels, and nice reactive levels we can use as a "Legend" If you will.
Let me also add, in my OWN opinion, the 34MA is really good for . In my own experience, but i've left it off the chart. Add it to your chart and see how it works yourself.
Best of luck,
We're in sync lately...Must be all that pair/ratio trading I'm doing I guess.
I was looking at the weekly and thinking, this is a short.
If you analyze the volume and time spent at each price level, you will see that this rally was a pump and dump operation, clearly, no followhthrough after going up (corrective structure in EW terms).