Tommorrow will be interesting.
The range is now between 1255 and 1297.
I have a feeling we will not give a lot of today's advance back tomorrow, but I'm thinking 1255 would make a good target
1222.25 is still where I see the Bears firmly taking control. At that point 1170 would become my next target.
I have been Bullish but today looks like a burn out even though volume was not excessive. An increase in volume with a long wick would really look good for the Bears tomorrow.
Looks like this move is running out of steam. But confirmation of a reversal is a long ways down on both the fork and the channel.
I expect a move back down to 1254 today with some support at 1261
|Coming into resistance and the 200 DMA, but 1294.50 is possible.|
|Yes! Have faith my friends. This market is going UP|