We still have NOT touched the target 1286, all we have hit is the range and the 1260 that was spoken about over a month ago. I do expect 1286 to be in play and the only way it does not play is if we hit 1252 and confirm with a 1240 close which I think wont happen while earnings are flowing in. I am on the wall here and will still take a cautious approach till the overbought signals wear off. Hard to take new longs here as the signals are blinking overbought but it is tough to short as the pullback or not holding as we are in a bullish tone.
PATIENCE!
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