Looks like CLF is going to pullback to the 9MA soon. My guess is that today's candle will be Bearish. I predict it will attempt to pullback to the 9MA and bounce again to continue the bullish move.
Commento:
The Bearish volume today was not that strong. Thursday's candle will more than likely be Bullish.
Commento:
Wow, my original analysis was correct. It is a trend reversal but it'll probably bounce off the 9 or 50 MA.