The suggestion based on this chart would lead one to believe that sellers will enter the market. Risk can be limited to a half a percent and the reward lends itself to enough for a respectable trade. All eyes are on the one third pull back level in this bear market rally. Assuming that the institutions are looking at the same level, then this could have a move back to the mid 1.70's since the extended move may provide an excuse for those traders long from below to take their profits