As of right now equities are up between 3% and 4% on the day. Rather than piling into new Bucket 2 longs here today we will wait and see if we can buy some tomorrow morning into a little dip.
We will be intersted in buying some EAT for a Bucket 2 try tomorrow.
In terms of targets we see 1250 – 1270 as possibilities over the coming days….that's the red box on the chart below. Thee we get into solid resistance at the downward sloping 200 day moving average, a downtrend line from July, and a few other little resistance nuggets. We will reevaluate once/if we get to that target zone.
