Short around 2995 ish.
Stop loss 3041 ish.
– Weak volume today
– Weak bounce off trend line.
– Monthly and weekly CCI’s trending down.
+ Daily CCI oversold.
± Setting on a 8 month long trend line.
± Commitment Of Traders is neutral.
– Seasonals suggest a sharp move down, but it seems to be a few days early for that.
May 18: Stopped out. MIght have been a mistake to lower the stop loss a bit soon. Will be interesting to see what happens the next few days.