However, intraday momentum is currently mixed: looking south on shorter time frames and up on longer ones. Daily and weekly momentum is looking day, and the 7 day weighted moving average (which often acts are resistance/support) is at 4169.
There is a strong chance we might get a sell off at the open, but I'd keep a an open mind: as mentioned yesterday, a more significant retrace up could get us up to the 4230s-4250s.
I am maintaining my current trade, which is set up to stop at breakeven.
