Here are daily charts of the Chicago Merchantile Exchange and the New York Stock Exchange Group. I last commented on CME
here and on NYX
here.
CME is acting much stronger than the general market on its rally from the recent low so I am sticking with my 615 upside target. Support for the next reaction is in the 525-30 range.
NYX is not acting as well. Still, I think that it will find support near 76 and resume its move to the slightly revised upside target at 148.
1 comment:
Carl,
The 1.625 multiple of the 48.62 low is 79, not 76. Is that what you meant?
Thanks,
Achal
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