After a long wait, US finally rebounded with white candle for 2 consecutive day and it hit the 20d MA resistance at approximately 11,400 range as anticipated .
Dow Jones is hovering around 11,426 now as I am writing this post. The market is either moving up or moving down. It is a tug of war between the bull and bear now.
Who will win in this tug of war?
Honestly, I do not know. We just need to monitor closely on the price action.
The volume was picking up significantly in the last 2 days, it is possible that the buying interest can drive the price further up, if it breaks the resistance, then the next resistance to look at will be the Mar low at around 11,730.
I have been waiting for this technical rebound in order to short the index, however, I will not go in to short now, I need to wait for a signal to show me that the market is heading back down first. Though I have the urge to short now, but the risk is very high.
Patient patient patient, I need to keep reminding myself… 
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
