A case could even be made for a bullish hourly. That case would be that the fat down waves had a lot of volume, but failed to make new lows. I'd say it's in balance rather than bullish. There's a lot of red on the screen, and that's ok so long as the price moves above it, and it hasn't yet. Red can represent aggressive selling, or it can represent resistance to buying.
Much of what I thought on the weekend was "lower". Today's action suggesting a slight possibility of higher. Undecided.
