I agree in not using fine lines. I typically use the language "area" because that is what resistance and support are usually.
Huge move imminent from here til end of week and perhaps beyond. I suspect it will be to the upside. As always though trading is amout risk management. It's what you do with the winners and losers that is the edge. I believe that we have a rip coming into closing or overnight, but I would rather see a bit more pullback prior to. The closing move today will be very impressive . Here we go---
This actually presents a nice trade on both sides. mid-2530s would be one heck of a stop level for that size move. 100 points in a day doesn't seem unreasonable in either direction...but I think more likely down and with a tighter stop above.
Very nice closing move---now I look for much much more. I believe the huge move will be higher and has started.
I believe that we will get thru 2530 area and challenge 2585 in fairly quick fashion likely by week's end or Mon. I believe 2585 area will be the next resistance after 2530 as I look at the charts today. Really nice looking outside day today on cash. Outside of both the last 2 days albeit one was NYEve
The story changed fundamentally with the AAPL guide-down. That's gonna be a monster headwind after today's whispy test of 2525. It's tough to imagine meaningful action above 2525 now before the word recession is used (by perennial bulls--not just perma-bears).