60 Min - Stocastics crossing positive. RSI has crossed above 30. Price is above the 3 ema
15 Minute - 3 ema above 5 ema; RSI just crossing over 50
5 Minute - 3 ema above 5 ema; RSI has been over 50 for a while.
Wish Mary were here to comment, but looking good for a long trade.
I'm Holding a Long Position, not a day-trader.
That works to trade along the general direction of the price.
But I think we have changed the direction to downside yesterday. So, you may need to rethink.
Nobody can say for sure, but that is the way I feel now. If this hit 118 I will cover and take the loss. I made a 6 points gain in my last short, so I am OK to take 1 point here, if I have to.. That damn Bernake changed the momentum...