It seems we have closed at the 75ma of the 60min chart. I mentioned last post that we would need to close below of the 75ma or above the 20ma of the 60min chart to give us a direction. With both MA closing on each other it will be a hard call. Hopefully we can see an impulsive move tomorrow.
MT: UP
ST: DOWN
Notice that our Short term trend is down. The bias even though we have support is to the downside. If this is the case and we should move lower we should look at the next lower angle line or the 200ma on the 60min chart as the next support.
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