People thought the massive rally to 233 was over the moment we went down to 170, but less than 2 weeks later, we're looking at hitting it again any time soon!
What do you think will happen to confidence once we break through the 233 October high?
It think 233 is going to be A LOT of resistance. I predict if we continue to go up we might consolidate just below there for a while - like well into the holidays.
If we break 233, then the 266s are going to be A LOT of resistance too. We will probably bounce around that figure for a long time.
I would not expect us to break above 266 before mid December or into the new year. If we do, we are probably headed for another sizeable dip.
