Bulls are waking up slowly but they are not out of the woods yet. Today’s candle looks heavily bearish (right now, it can change until the close but I would be surprised) and sellers are going out to show their muscles again. Until $720 and then $750 level is broken up in some sustainable way I stay bearish. That means I’m not interested in a short-term buying and strategy is only to sell or wait.
Sell: now or up to 650 Stop-loss: 650 Take Profit: 565; 535; 500