a bounce should come about now.. perhaps 9000 if we're lucky :)
Currently at the 7900dollar lever there is a war going on between the bulls and bears. If this goes up, there may be a significant bounce.
There was a Bearish Gartley before the big drop yesterday. Rise to 9650 is possible but it looks like there will be another drop from that point. So it may be temporarily bullish until 9650 which is also very close to a Fibonacci level The short term trend line was slightly pierced but the 4hour closing price was above the trend line causing a short term run...