Look for the (A) Bullish and (B) Bearish scenarios on the chart with explanation.
I personally still do not believe that we will break past the 255-270 area. I think we might test 260ish within the next few days but we will fail there. However, I am always open for the bullish scenario once I see a huge breakout with good volume! - a good trader always look at both sides.
Conclusion: I am leaning bearish slightly for now.
Good luck and be careful from fakeouts!
I personally still do not believe that we will break past the 255-270 area. I think we might test 260ish within the next few days but we will fail there. However, I am always open for the bullish scenario once I see a huge breakout with good volume! - a good trader always look at both sides.
Conclusion: I am leaning bearish slightly for now.
Good luck and be careful from fakeouts!
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