The Good
After intense selling on Wed, we had intense buying on Thu in expanding volume.
This suggests that the 2640 support has efficiently played its role.
Good probability of a continuation, subject to payroll numbers.
The Bad
The market remains fragile due to harm done in October.
A breach below 2640 is unlikely for now in my opinion.
Such breach would reverse current positive stance.
The Strategy
TARGET 1: 2760
TRAGET 2: 2812
SUPPORT: 2640
Remain prudent due to current market fragility.
Buy high Beta names to play the technical rebound.
Liquidate and move to cash upon breach/close below 2640.