Whilst the mkt takes a breather from the rally, it's time to look at some pullback levels for the next stage of the rally. Aggressive traders may look to buy at the first retracement at $779
, whilst more passive traders may wait for a deeper pullback at $739
. Any longs should be stopped out on a break of the bull market break out level of $680
. Some interesting topside levels are in view with a medium term downtrend line coming into view and also of big note is the 50% retracement
of the move from ATH
to recent lows. Any long positions should take note of these areas as potential TP zones.