if we get back above 1418 sentiment would return to bullish and probably a retest high of the day. Trailing some of my stops to there. if your not short.. now is good time to get in with low risk.
NO not long.. just neutral to down but this 1416-1418 area is sort of like the fight zone. You know how they love grinding this thing up during lunch. If it gets back below then bias goes to bearish.
I as well as many others were not expecting a V bottom of this magnitude. Probably caught a lot of traders off guard. We may get another run at the zone again. Everything is still in place to get a further decline.. I just think we move higher first.
