DislikedShort-Medium term:
I will continue to ride this last bull wave, feeding off the weak bears. This 1245/50 area is the first major nut we have to crack, may take a couple of weeks. A chance to reload longs ~1220 would be nice. 1264/1271 is where bigger bears will be looking to re-load but I would not count out a higher spike to really clean out the weak bears. At this point I will be looking for a scary ride down to 1000 and beyond..
Ignored
In a few hours we might have a short window of opportunity to enter longs at a better price. I'll be looking at entering heavily if we spike down to the 61.8 fib around 1210 (as long as there is no major, unfavorable news). However 1220 may be as good as I'll get.
Minimum bull target still remains 1264.