No reason for a long explanation.
Pulled back to the first level of retracement which has previously been a support and resistance area. If it opens above 800 hope we see it break 812 for it to run. If we fall below the 50 day MA I would look for more down side unfortunately. Got in some March calls a bit early hoping to see a turn based on history and the daily chart it appears the MACD is getting read for a move to the up side. Again this is not the prime entry for a "safe" bet, over 812 would be a lot more stable to 850, its just much cheaper now with more risk.
Pulled back to the first level of retracement which has previously been a support and resistance area. If it opens above 800 hope we see it break 812 for it to run. If we fall below the 50 day MA I would look for more down side unfortunately. Got in some March calls a bit early hoping to see a turn based on history and the daily chart it appears the MACD is getting read for a move to the up side. Again this is not the prime entry for a "safe" bet, over 812 would be a lot more stable to 850, its just much cheaper now with more risk.