Dislikedlook at daily .. this thing could be destined for 155.
GU upthrust to 1.7000 sure did the job they wanted it to do ... most traders GU are long
Once this thing starts dropping the move will be accelerated as bulls will be running for the doors
sure gu is due for retracement i agree
on my 60 min I see this little flag on gu bringing rsx up to 40 ... jsut enough for price to drop another 200 - 300 pip in us session
the thing that bothers me is why the drop before FOMC ... this could also be some form of bear trap ., so i am very wary of that...Ignored
as it is the 1 hour chart is still bearish, but it is really stuck on the daily support 159.25