Its on the 100 MA and looks bullish enough to push it to the 100 EMA. Maybe next week if it breaks through the 100MA be looking to ladder some shorts around the 100EMA for a few week swing trade. Bearish Scenario.
Comment:
If it breaks up past the 100MA with bullish conviction, a good place to eyeball laddering some shorts looks on the monthly between the 21EMA and 24EMA between $245-$260.Depends on what the weekly close looks like on the 4th, should give a good indicators of direction.