that line was as good as any. In this case however, i differed to a simple old trendline at 30.00, and the fact futures bids were massive at 33.05. I didn't get filled.
The 7 day trend is still bullish. 24 hr trend has bears and bulls at a stalemate, needing a catalyst to restart a move in either favor. What's funny is bulls had taken control last night, then got slapped back by the dollar rally.