Against all expectations?

Price action today seems to be going against the daily PPMs for now. The algo on PPMs 1 and 3 are showing more moderation instead of a downside bias. There are also new upside fib targets today. While it is still too soon to say if they will hit, they are within range of the upside fib targets on the weekly chart.

So while I expect some more sell side bias today, there may be some upwards momentum building underneath this selling. After all the weekly chart still looks like it wants to jump.