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
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.
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