Momentum is probably taking us lower

As we come up to an important trend line take a look at the momentum indicators. All of them are headed down. And then looking at the Guppy EMAs they are all bearish as well. Plus we've already tapped into the 7600 once, twice, and now this will be the third tap into this price demand since the larger drop in price since back on the 3rd... Take into account that every time we get to 8000 the bulls get slapped right back down, and things start to come together.


Looking at the daily the trend is still obviously bullish, and as of right now this is just a healthy correction. As long as the RSI doesn't reach oversold conditions than I remain bullish. We never really tested the 6800 level as support, and it's really just a glass floor for us right now. We need to go back down to it and show some strength down there so we can confirm it as support before we start our move back up.