The range is drifting up by 16pts per month.
I think there is a slight advantage to a continuation to 2040 but all markets are well supported from here and a penetration lower is not trivial apparently (as per yesterday rejection)...
Big picture: I think the rally may extend to 2150 on the 19th of June 2015 before a more significant correction.
NFP today will be the focus
I am still short to 2040 and would buy dax at 11,000 and bund at 150 (which we nearly touched yesterday).
What i see right now is that the area below is really supporting and weekly close want to be high
what could happen though is a dive rebound end of week and another dive followed by rebound.
Any broken clock is right twice a day. I am joking but seriously dont expect this thing to be right too many times in a row.
16:25 $ 208.8568 501,217
After Hours Volume: After Hours High: After Hours Low:
16,820,852 $ 211.6759
(16:18:42 PM) $ 208.8566
Read more: http://www.nasdaq.com/symbol/spy/after-hours#ixzz3Za4LHIEw