YEs, I'm hungry. This could be a higher low. Good volume is coming in. This would be a bearish trap for a lot of traders. We have many in some bear calls that expire THIS Friday, would should be fine. Let's see how this candle closes and take it from there.
I'll give this one some time, but volume, candle and location could cause a pop. A LOT of people are bearish on CMG down here.. if this traps them and runs bullish, could be a nice move..
Dunno... the entire move down to 397 ish looks like an A wave, mean this bullish move could be corrective. Price is right below the weekly 200 at 509 and gotta believe that's some strong resistance. Even if it is corrective could get back to the neighborhood of the daily 200 which would be a fabulous move. Like you said though, watch, wait, and see.