From 30min chart and 180min chart, there's no intention to long any more.
Everything changed after FED's announcement.
I think it will stay in a tight range market without direction, if it is not going down more.
It has been a long bull run without real correction. On 30min chart, now we have a short signal, so expecting a pullback.
At this time, nobody can really predict whether it's a real correction or it's only a test and will continue to rise.
However, there's never a market being in one direction for ever. I would at least stay away bull for a while.
On 30min chart, since June 11 Friday evening, the whole weekend was in bear range though on Friday, 180min chart had a good sign of entering bull market, then back to bear range again over the weekend.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the...