We are currently in the 50% to 61.8% retrace from that level to the after hours lows in the 4230s, as we are currently quoted int he 4260s.
I suspect we could find weakness at the current levels at open, however be mindful that most intraday charts show positive momentum. If we continue higher, a move above the 4330s violates the current downtrend scenario.
If we don't sell off between today and Friday, the scenario for the permabears begins to change. In any case, I am strongly inclined to maintain my idea that this bear market will not break the March lows, unless unforeseen events occur.
I'll be looking for weakness anywhere below the 4310s-4330s to add, or else maintain my current position.
