Maybe. I am just trading what I see. If it does go up, then I lose. It's one of many trade I will make this week. No big deal.
Running some models on recent moves in various timeframes I think the following: A move back above today's highs and I think we are looking at a sustained move towards 820. But a correction below 740 and I think we visit 708. Best case scenario though is for choppy action between 740 and 780.
What the models DO NOT tell you is that there is a wave of money pouring into small cap funds, etfs. These funds MUST buy the underlying stocks. But the underlying stocks cannot withstands that level of buying -so they rally, gap and rally some more! That is why small caps will continue to be strong and EVERY dip is considered a buying opportunity!
dude, chillout. You're starting to sound like an amateur that made a few bucks. Don't spam this discussion with multiple post for every tick this thing goes up.
Ah! Patience, Grasshopper! When the time comes this market will collapse. But that time has not come!