yep nice calls you and T kept me with foot out the exit door both ways a few times and in the meat and potatoes. Bailed a little early on last one but no complaints. Thanks UUs guys.
We have classic bottoming action here...so classic that we may make a new high....target 960 before dropping profusely...
What I would love to see is Globex action making another low in the 860/62 area...with cash making a higher low in the morning...but that might be too wet of a dream.....cash has either put in it's low......or will need another low. If we need another low in cash....I'd be watching OEX 407/408 for a very strong reversal..A gap up tomorrow shouldn't be sold. ...it will be a gap that won't ever be filled ...within the next 4 weeks...
I'm thinking it's all possible,..and to add to any classic bottoming pattern I think we need to see a FUGLY Gap Down Open.. and we may get it tomorrow.
My take on this is that the first push down here is a false breakdown. See my post from this AM.
I too would like to see an ugly gap below today's low. I don't know if we can get this tomorrow or not.
The move up will be interesting...depending on how it unfolds I could see a new high as well. Might not go that far, but we'll see on all that. I like the potential from down here.