Sometimes those breakout gaps don't fill for months... I think if it pushes above 130 early next week it goes all the way to 137. But yes, may pull back to fill that gap first. There are those who still think this is it and this ride up is just a bounce within the new overall bear market. I'm using TA on the 15 minute chart to place my bets on the S&P 500...
Its possible... we are seeing an huge shortcovering rallie and that can take weeks... but we need to be careful and dont play long as the scenario can change soon..
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