Sorry to burst your bubble, but today was a very, very low volume test which means no sellers are interesting. So the path of least resistance is UP. I would buy on a breakout of today's high. You're at the bottom of an up trending channel so you're supposed to be looking for buy signals. After today's fomc announcements , markets will be bullish for the next 30 days
I just posted an intraday analysis on Macy. Another guy was shorting ISRG last week and I showed him my intraday analysis, similar idea and look where it is today. All the high frequency algorithms were buying on the lows during the accumulation phase as i can spot their activity on the 5min. I'll probably go long on this stock tomorrow like I did with ISRG just before it took off. Good luck.
Ok, price is still balancing higher so bulls are still in control for now, my target to exit longs is the 200ma on 30min at the pivot and gap fill @ 58.75. Sold some of my M options on the open, but still holding onto a few to my target. Just need a quick pop to fill that gap then you can try shorting it there with the rest of the sellers