The daily looks like we have some more room down. If we open with a gap down, I would expect to see a brief rally and then continuation to the downside with 1233 as first target.
Looking for a 3.5 million volume day, it looks like it is on the horizon as volume is picking up. Lots of volatility and news is sending is in all directions. Oil is adding alot of volatility to the mix also.
You would think with a $4.00 a barrel drop we might have closed positive but the market just gave up its rally before the close.
If we open gap up or neutral we can test 1260 then 1269
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