Short for now may flip bullish once we pull back.
Neutral until we make a move. Prepared for both situations.
This is what I see happening. B wave incoming. I'll update as needed
Confluent reasons to be short. 1. Horizontal resistance. This is seen by the red box. We are being rejected by the previous lows. 2. 20 ema resistance. Price has been unable to break above it. 3. Top of the channel. Stop loss above the 50 ema to protect us from any stop runs. Getting stopped out will likely be a sign of more bullish momentum to come.