Return of the Bear yesterday. Bulls were unable to get above key Holding Zone. Sets up Wednesday for a likely volatile session. Risk is to the downside. 2590-2740 wave calls for lower reversion. Beware of stop zone below 2700 which creates the 2696 Bull Zone. Opportunity for intraday bounce there. Much room to go below there.
TGIM. Super quiet overnight session. Not certain a high is made yet on this up move. Previous swing high potential area was unsuccessful. Late longs should be cautious and not greedy. The higher we creep, the more risk grows to the downside so keep that in mind. Bulls are in control for today as long as they hold 2728. 2750 is the new promised land and magnet.