I didn't make any posts about the market yesterday since we were basically trading sideways and nothing interesting was really happening.
Right now though, I'm thinking there are a few things to note to be aware of.
One of the big things catching my eye right now is the overbought RSI on the daily which is now inside the normal range but heading lower after making a lower high.
The 23.6% Fibonacci level is in correlation with the EMA levels at $612. This level will likely get tested soon. If this level holds as longer support, we will probably be looking at a bounce and a push up to higher highs to test resistances of $767 and $891.
The recent price action has made a lower high, so we will see if the bulls can keep up the pressure.
Daily MACD has a bearish crossover three days ago, so this combined with an RSI that's pulling back make it a lot tougher on the bulls until we see support at $612.