Today is July 4th and we have seen a slight bullish pull even though low volatility was expected due to the holiday. I am keeping a close eye on the 31400 level on the weekly and daily timeframe. We touched this level twice as support and once as resistance. The most previous time we have touched this level was an established LH in the downtrend channel. Since we could not get back down to the previous LL 29700 level there is a possibility that we have created a HL to go long. Otherwise we will need to see 31400 resistance hold strong to sell us back down and make another LL in our bearish market. I will be watching levels closely then scaling in for opportunity.