looks like it will try to make a push to the 50% fib which is being sandwiched in-between the 200 EMA
and 200 MA. This usually means that we are getting bearish
. If the 200 EMA
crosses under the 200 MA, that would be a sign that the 55 EMA
may follow and death cross in the near future. Right now i'm still targeting 7,300 unless we can reclaim the 50% fib!