OJ,
If this upcoming rebound is weak, I guess you'll be unloading and change your current bullish outlook ?
Although COMP went as low as 1478, it didn't even reach its 38.2% retracement @1476 of the April's up trend, but it has already put in its hammer reversal on the daily chart. In addition, even though it penetrated the March lower up trend line, it rebounced to close above it. IMHO, your bullish bias has a good chance of being correct. 1604 may be ? <GGG>
Time for me to study for the upcoming CFA; spent too much time watching this market these days <GG>
Regards,
Lepto
ps. 1604 is the 50% retracement between 2099 - 1109; and perhaps the 5th of the current 'C'. The latter part is entirely speculating <GG>
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