A reminder on the bigger picture...
sp, daily, 4mth
There will be strong resistance at the recent 1335/40 level. I would find it hard to imagine the market managing to break into the 1350s...for some months to come.
The daily cycle is without question falling. Today's chop/slightly higher levels is merely giving everyone the opportunity to exit remaining longs/take new short positions.
There can be no excuses for anyone today.