Ok, it did well for a week, better than most expected but the time of reckoning is near. Not only there is substantial resistance on the 50 MA, there is also the 50% fib retracement. Can it go higher to pass the 0.618 fib and reach the 200 MA? Sure, everything is possible. We all know that and expect nothing less from it but to act like a crazy girlfriend on Prozac. I expect this to move south, way south. I would not be surprised if it went into a temporary freefall and drew a long red daily candle to mark a lower low. I think that the market is somehow priming itself and getting ready for deeper freefalls. Time will tell. Stay cool and protected.