1) Market not convinced housing boom driven growth is great parred with untrustworthy data from China and also pricing in overhyped GDP data for NZ .
2) Setting up for big upwards moves soon - Flip side to above. if market expectation of good data is somewhat true - should see a slow build up of upward momentum tomorrow and any shortfall below forecast will slow momentum.
Either all - lazy post but safer entries will be to wait until 4hr closes back above fib .786 and EMA200 leaving a tail. I'm still feeling .75 will be tested by end of the month so lets wait and se