I don't think I belong to the camp that's anticipating a big end of year rally, but I think this intermediate leg have enough juice to take us to at least 4050/60 (as soon as today) before possibly reversing.
But I've been wrong a lot lately, so pay no heed to my ramblings.
Agree 100%. If it goes long I can see quite a reversal and a close well below the peak again. kick starting a leg down.
The trouble is, the price isnt really moving at all.
Looks good for the long side if we can take out yesterday's high here and stay above it.
