Recovered some major ground. Daily RSI got back over the 50 and the weekly RSI put in a higher low along with getting a price close over the AVWAP. Most likely will come up to golden pocket before rolling over again if it does. If it breaks the over price trendline and weekly RSI gets over the 50 again, a longer rally may be due. I think that after inflation data comes in and the fed raises rates people will start to believe the fed and things will most likely roll over. The fed could pivot, but I doubt it. Looking at possibly a shorter rally again to the golden pocket before coming back down once more. Could always be the bottom, but as of right now everything is in a downtrend. Playing it that way until keys levels show other wise. Staying on the sideline and waiting for another short opportunity for now, but not in a rush as things just broke out. Patience is everything.
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