DislikedGood job, ole chap. That's exactly what I was thinking, with one exception. I'm thinking it could go all the way to 227.40, a complete retrace of the last move down. 1H and 4H are both OB and Daily Stochs is still bearish. I'm really looking at 227.40 as a good place to sell.
Daily 21 EMA is 227.64 and this resistance level has not been broken since attempting starting Nov. 27th. Don't see any reason for it to at this point with both UJ and GU facing massive resistance above.
Also, minor resistance on 4hr @ 227.11 and r1 @ 227.25
Just above there is daily r2 @ 227.38. . .
I think we will see 221.90's before we see 230's. This pair is a sell for me all the way up if it makes it up there. . .
Good luck in your trading today. . .