QuoteDislikedYeah the daily is extremely bearish as well.. right on a TL, fib level, and couldn't close above the 50MA again, plus looks like we'll fail to close above it again for the 3rd day in a row.
Of course as you said we've got to stay nimble, no telling what will happen but if we enter and cover on our setups we'll be fine.
I meant to add that price has retraced between 50-61% on that swing. (from my 1 hour chart) Allthough you can see that retracement across the board and on the daily it is looking like it retraced past the 61% level so if she is heading south I think she will do it soon.