Currently: Cash Looking to: Buy at 2,692
As of 10/12/18 close: 2,772.25
UPDATE: Last week, I suggested buying at 2,784 with stops below 2,780 and with an upside target of 2,860. Mid-week, I updated the status to look for a drop to 2,692 and for a bounce back up to 2,785 to occur from there.
Thursday and Fridays weakness dropped prices as low as 2710 or so before some stabilization commenced. Im thinking we see 2,692 tested and then a bounce up to 2,685 2,696. From there, I would expect a drop to 2,585 2,600.
With trading money, I would be buying at 2,692 with stops below 2,685 and with an upside target of 2,785. Short there and hold.