After a strong rally to the upside it's hard to see price moving downward, afterall we've bean hearing a lot of possitive news througout the media. But as a trader aren't we supposed to be contrarians? Well after looking at how today ended It could be hypothesised that the stong move to the upside has calmed down since bulls failed to break through recisstance and were pushed to lower levels. I interpet this as a bearish
signal which can be traded in 3 ways, 2 being the ones drawn out in the chart. The other a more long term and risky trade with stops at 300 looking for a long term reversal back into the december lows. Although nothing is ciertan as of yet this market should be watched closely since it could have severe implications on the future of the world economy.