Anyone else watching that 4700 level like a hawk? If it breaks, I'm thinking of going full margin short. RSI looks like it's about to dip below 50 too, which is my signal. Let's see if this overnight move holds any juice.
Actually, thinking about it more, if that 4700 support does break decisively, I might not go short immediately. I'll wait for the retest of that level and see if it acts as resistance. Sometimes these breakouts are just traps. Need to see that confirmation candle before I risk my margin. Still, feels like a good shorting opportunity is brewing.
