All we have managed to do in spite of two days of 70pts swing is to trade approx 20 points above and below the 35 area. It appears that a move out of this area is coming and my bias is to the upside. As long as the 30 area holds, I do see the 66-68 area reached. Given that any news can be used for or against an idea, I understand there is a vote in the senate today regarding Govt
shutdown. I do not know if voting has begun or perhaps finished. That might be a game changer. For now, lets just say that above 41 or so could be bullish
and below 30 bearish
. Between those two areas, you are likely to get chopped.