Yesterday I expected a healthy pull back to $9,750 and thought we would have to retest $10,000 at a minimum. The rally continuing from $10,200 support is very bullish! It also confirmed the cup & handle on the 1 hour chart. Now i expect the price to pull back into the 50/200 day SMA's and to re test $10,400. If that holds as support then we should see a bullish crossover on the 50/200 day SMA's which would provide the final confirmation for entry. Target for the cup & handle is $11,523 and a good place to start building a position is under $10,477.
Happy Trading!
Happy Trading!
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