Building short position between 62 and 70. Looking for pullback to 2515-20 before heading higher.
Resistance came in just as we started approaching 2585. We'll try it again soon in RTH.Excellent closing again today for the bulls. 2585 will present some resistance as well as 2690. Mind you though, 2530 has not been totally re-established as a floor and we could easily go down there several times and perhaps drop below etc. and there is always the possibility of reversal of this uptrend. For now though, I lean long.
I typically like a little more pullback but it doesn't have to occur. We did have pullback overnight though and just got started upwards early.seems they are blowing their wad premkt