Definitely a mixed bag here. Bullish and Bearish indications, so no entry until one of the cases can be eliminated.
A break above the green line at $124 and the corrective wave is eliminated, a rejection a the green line and we will need to watch for its movement down.
My concern here is that I can not see a Wave B for this larger pull back from the highs since the start of 2021.
Jesse Gaffey
2023-08-01 15:48:32 +0000 UTC