last week going into this week I have been looking at and observing so much more information so I didn't get to get this idea in before it happened as I wanted to see things play out to support my bias more. Im expecting for GU to turn bearish. The market is fairly balanced out right now and price returned to a Previous Point of control on the chart. It rejected from the area and as NY session started this morning more sell pressure came into play. This is a area that price can go either direction so if it continues bullish I would not be surprised. I feel this was a good entry and have already moved the stop to break even. Will continue to monitor for further plays to the down side. Just need more evidence that it wants to go there. 1.23129 is a POC for this area. So if I'm right I expect it to hold below this point going forward for todays session.
