Even though S50 broke to the south through a long term support, with weekly ema150, the force of nature took the price back and held it above, waiting for next week to start.
If looking back to middle of January there are some great similarity's, with then and now. So by looking at the history of the graph, one could expect that the bears will take over the lead for a while.
Because of this, I'd not go Long at this point, although am open to go Short intraday, after a pullback .
I'd love it if an bullish reversal pattern would come around 940-945, to step back being more genuine bullish.
If looking back to middle of January there are some great similarity's, with then and now. So by looking at the history of the graph, one could expect that the bears will take over the lead for a while.
Because of this, I'd not go Long at this point, although am open to go Short intraday, after a pullback .
I'd love it if an bullish reversal pattern would come around 940-945, to step back being more genuine bullish.