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Meantime I am still long one unit. A drop from today's high that is as big as yesterday's late reaction would carry the market down to 913-14 (purple rectangles). Plan B support is the midpoint of the same reaction, 910-11 (purple dotted line). I am sticking with my range estimate for today (blue rectangle). I think there is a good chance of seeing the 930 level later in the trading session.
1 comment:
Banks have been weak all day. I don't think we'll test 925-930 unless the banks find some support.
Thanks for all your analysis. Much appreciated!
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