Monday, August 26, 2013
long @ 1652.25 for a ride to 1670
The backtest of a trendline by the /es has me vst bullish. I believe that a test of 1670-75 will happen by Wed. However, I am very bearish looking out over the next 4-6 weeks so I will not mess around if the market continues to slide overnight. IMO, the downside should be limited to /es 1649 or so. I will exit if the market trades much lower than that.