This is a mobile idea as I am traveling . Long story short bulls should not panic here. If we continue to break down and lose support I would begin to grow concerned but right now we are ok. Also, four hour volume was not impressive at all and points to this being continued consolidation. Big volume is coming as we continue to compress but this ain’t it.
Red Boar
Red Boar
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we are also getting an unusual bullish divergence on the hourly
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same general idea as this one just wanted to show it a little differently
A bounce here is very important in my opinion. If we do not hold support I think we see 10.3 and the .618