i hope we can see 7500 by 2morow close, altho i might be a bit optomistic on that one. only 300 points to go but the markets have really calmed down recently, dont get these 500+ pt days anymore like the end of last year ;(
that move had alot of momentum behind it which makes me believe it was short covering, lets hope this double top holds if it doesnt back to the drawing board
I read somewhere on T2W today that 7840 was a possible point for a rally, as there would be a lot of buy orders there, so I had it in mind as a 1st target.
I was out at 7860 when it failed to make a new low. Not as good as I hoped, but can't complain.
Just wish I had used a stop and reverse, as missed this upleg.