Focus is on the 50% retracement of the decline from 110.71 at 98.19. I mentioned yesterday that “RSI can stay above 70 for days or longer before any sort of weakness occurs.” Structurally, I still view strength as corrective...this will not change unless the advance from 87.09 turns into an impulse. Expect at least a short term top (week +) in the 98.19-101 zone. I’ll look to position short in this zone for a drop to 95.
