BINGO!!

Hit that resistance mentioned yesterday @921/923 area. Now what is next???

Pre market

Looks like we will gap up but I expect us to fill the gap today and test that overnight lows of 902.50. Where we go today? I have no idea but if we break 902.50 on the downside I would be looking for a test of 893.

I will be here today

CHOPPINESS

OK, so what do we do here? Hell if I know! I think we continue to chop around in a range, a very tight one for a little bit and then decide which way we go. My guess is down, but I'm certainly not rushing out to short stuff arbitrarily. I'd rather buy dips until proven otherwise. 8500 continues to be the pivot, though, which is what my topside near term target has and remains, so I think we should get a real dip as the next big move. But, again, I think it prudent to let the market tip its hand before making a bit commitment of capital. I'd rather be safe then sorry.

Patience is key here


MARKETJEDI