Probably as that would set the stage for a final eruption to hold 1200 at year end after which the bulls may be nowhere to be seen for a bit. The Koreas Fermenting could change everything of course.
Absolutely, I would be a buyer of the low 40s perhaps 30s if it gets there for a breakout move to the upside. I would not be too worried about Korea, in fact, thank them. That fear will give us the pullback that we need. NH
I do not want go long because about 1200 I see resistance (various reasons what always has synergical effect). Probably we will test it, but breaking it will need strong move and than will be enough time take this breakout trade. On contrary bottom of channel is about 75 so I see potential risk larger than reward for swing trade.