"It is what it is department" MIXED signals we have. This run up were suspecting to me but
Only Price Pays....
A daily trend following setup: next rip will be sold, we are not there yet, so more room to go on the up and overbought? Patience, React, and Don't predict.
Swing setup: in the buy mode still, next dip will be bought until then will we know if the change will happen. for now, dip will be bought until it fails.
Intraday: we had a negative price action on Friday, as Cobra mentioned second negative price action in the row now. what it tells me, the experienced traders will buy as long as intraday momentum were good. until the bids dried up then they will sell at the end of day. less and less overnight holding. we are due for a pull back. A trade higher from Friday's high is a must for bulls, anything else lower I will find excuse to sell for me. keep it simple. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.