Although this rally is supported by a spike in volume
(not the same as the S&P
), I'd advice any long players to be aware. It could be a simple bull-trap moved by good numbers, forgetting all the other problems in the global economy, emergent markets, commodity markets, etc. Do not
forget them. I am shorting it until it reaches 19600~, after that I'll stay out until it surpasses the 20000. My S/R's should provide a simple guideline to play the price action. I'll add momentum if the trend line
breaks as well.