Well, yesterday my short term bias was long, but never materialised today. Never entered a trade today and that weird spike up just didn't seem "right". Overall, DI- dominated which suggest the bears have been in charge. Will probably bump into 1200 a few more times before taking off.
Interesting "fake spike" down this afternoon...guess a lot of people throught it was a breakout. I missed it, so got lucky...would have likely hopped in :/
My line in the sand (LITS) has now shifted to 1203.5. Above only longs, below only shorts. Basically, I'm now only after shorting opportunities.
One thing to note: If you check out my H4 analysis, you will see the run at 1225 seems to have failed and price is now BELOW the H4 cloud. That's a pretty strong bearish signal.