Gap down was definitely a charm and as noted earlier I did expect higher prices. Now what?
Hopefully we push pass this 1360 area on the S&P and head towards the ABC resistance of 1408 and maybe higher to 1429. 1429 would be great as it would set up a nice spot to step into some shorts.
The Dow needs to get in gear and close above 12400 today, so the bull will have confidence to push us to the 12800 area. 12800-13000 area will provide major resistance and I will be looking at the brokers at that point for some shorts.
Hopefully we get our push to these points because plays off these numbers will be very profitable.
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