the pullback targets on the 60 minute chart have been hit but i’m split on whether on not we bounce from here to take out R1 (1st resistance) and head on up to R2 from here or we turn back down to take out S1 (1st support) and continue lower, maybe down to S2. yes, we are bouncing after hitting S1, as expected but i’m leaning toward the markets turning back down soon and either re-testing or breaking S1 support. when in doubt, best to either not trade or keep things light.
