Staying long here with both the swing trade and the day trade. It looks like we have tested the area of 2716 to 2717 that is a likely bottom barring some reversal. This is why I placed my stop at 2710.
I would like to see us get over the next hurdle at 2735 and make that the new floor. Will we? --I have no idea.--Ishmael.
Maybe 2745-50 today and also a long maybe on the possible development of an inverted head-and-shoulders on the daily?
We've pulled back here a bit more than anticipated as we have printed below 2714. I am holding long here with stop still in place.
The next floor if this one doesn't hold would be 2696 area and following that 2670. ---in my view.---