1362 is the level to watch, under that the history can be other
MarketAlly
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not convinced yet myself - I am long but with a tight stop and using house money at this point.
MarketAlly
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may dip my toe in further should it pullback into the 1331 but if one looks at the weekly charts, it is clear we are on a channel edge. If it breaks, 1412 is next edge but should we fall, it could get ugly and be at 1290-1280 in a flash. My gut says to beware of some Egypt/Tapering baked in that could unwind much faster than most expect.