Dow 10300 & SPX 1100. Those are your upside targets because that is where obvious resitance is. Could we shoot right through it? Not without some time and trouble.
Unless you are willing to initially suffer, you cannot take a trading position in expectation of anything. The noose is getting tighter and tighter between SPX 1040 and 1080. We transvere that many points in a day. We will either breakout or breakdown soon. Or we could just die on the vine–but with the Knaves at work on their aluminum-cased, water-cooled, Intel-powered chariots, that cannot happen at this time.
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Ballsy call, Scott, glad Fly brought you on board. Is this a subtle hint to buy Intel? Oops, gotta take off the tin foil hat.
I got 1106 but whats a few spx points amongst friends?