Okay, couple things to note. First, this type of huge rally off the multiday swing low is pretty rare, especially in the absence of any major news. Second, Friday's selloff was pretty steep. However, it's completely engulfed by today's 50 point range. Hence, I ain't so sure this rally will be sustainable.Would have to get over 46 and hold to have a shot at the 70's in next day or two
Replace. Will short 2045.50 on a sell stop with a target of 2038.50Will short on a sell stop at 2042.00. Will set profit target at 2035.50
There ya go. 51 hit and now we go down.I'm more inclined to think 51 will be, but overnight.
