Bulls must close above this number today or the next target down is 1247!!!
Because I don't think the bulls will lay down for us to just dive 50 points I am going to have a upward bias today anywhere around the 1290 level for a buy.
Does it hold for more than just a reactionary bounce, who knows! I think 1247/50 is in the cards now BUT as I have been saying I would be buying heavily at those levels especially if those talking heads start saying it is the end of the world :) (remember they are always long)
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