Hopped on the short train at around the daily open today, SL right above it.
Both my short and longer term DMI are now bearish and we broke through 44 today. Not only that, at the end of the day price merely retested 44 and didn't really shoot much above it.
Having said that, I wouldn't be totally surprised to see another stab towards 46.00. Above that level I'd have to revise my current short bias. Possible profit targets are highlighted in green.
Both my short and longer term DMI are now bearish and we broke through 44 today. Not only that, at the end of the day price merely retested 44 and didn't really shoot much above it.
Having said that, I wouldn't be totally surprised to see another stab towards 46.00. Above that level I'd have to revise my current short bias. Possible profit targets are highlighted in green.