OUCH. 1368 is the ultimate line in the sand, but the break of 1406 knocks the 1 year bullish scenario to its knees right now. Not out.
We will open at way oversold levels in a 1-3 day time frame, yet 1368 is going to act like a magnet. I am holding,and the back up plan is to see how 1368 is handled. Shouldn't be any hope that under 1370 is avoided. If 1368 is broken there must be a quick snap back, or the overall bullish scenario is over.
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