Back in the office today, We did have two days in a row to the up side (Friday and Monday). But Monday was a low volume day and Veterans day. Thanks you Veterans! Then Wednesday we closed below the PP. On the 15 min chart look for a 50% retracement to the 177.48 or the PP at 177.86 and look for a bounce up. If we break the 177.12 then we may go lower.
Yellow Light is out because we hit the profit target yesterday. So expect a pull back. If we close above the PP on the day, then go long on the 3rd day bounce higher for you conservative traders. We are still in an uptrend on the daily until we break the 169.49.
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