Mid-morning Update for 6/26

I had mentioned a late morning or early afternoon break of the daily pivot should provide a signal to be long for the rest of the day, and perhaps the next few days.  Unfortunately, the early morning move above the overnight high means that the prior high was not a 24Hr high and that this move likely is.  That price again found resistance at the daily pivot indicates the MD low is not in; price should now trade lower as it looks for its 24Hr low and possible multi-day low.