I was expecting a big rally today but there is a huge gap to be filled at least partially first.
Out @ 2742.00 for gain of 23.5 ptsLong 2718.50 Initial stop 2698.00
Sometimes we get it right. ---Certainly not always.We are attacking the next resistance of 2731 now. Support has now been established at 2723. I am looking for 2731 to be breached and held and then a significant closing move to the mid 2740's.
I wouldn`t be surprised to see a quick rip up to 2750 to run stops on weak shorts... before it`s all said & done... only to be met by heavy selling.
Didn't use that pattern but thanks.2750 on the button & then backed off providing inflection point.
Nice Job B1 off that 5 min IHS
OK, so I was 2 weeks early, but ----here we are----220 points away now from all time highs again. No idea when and if we'll get there, but I believe that we will. ---I am looking for 2758 closing today or tomorrow.