Today prices opened at 1016.00, down 8.75 points from Friday's close. Prices hit an overnight low of 1012.00, bouncing off of support into the open this morning. Prices hit the intraday low within the first minute at 1015.00 then turned to the upside from there. We rallied up for the morning to the high for the day at 1026.25 then consolidated into a 5 point range between the 1020 - 1025 area, closing the week at 1020.75.
Today's range came in at 10.25 points, while the gap at 1025.25 was filled. Let's see what happens on Monday, with some volume we could seen another test down to the 1012 support. If we break through we could see extreme lows around the 988 level. If we move up we could retest the 1030 - 1035 levels. (I'm looking for the move down myself) Only way to know is to show up!
See you at the starting line!
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