Waiting for a minor retrace that should lend to a nice buy opportunity on EJ. Support on previous descending trendline, new ascending trendline, psych level of 128.50, 50% retracement and a strong daily support/resistance area.
Looking to go short in a major way. Overall structure is still bearish, we will hopefully see a 4th bounce off the trend line to the downside, which is also near the 38.2 retracement levels.
Bounced off previous resistance levels nicely today.