A 1930.75 rally target broached here earlier remains viable, implying that day traders should position from the long side for now. I don’t mean to imply a set-it-and-forget-it trade, since the uptrend that presumably will get this vehicle to the target has been an agony of feints and swoons thus far. If you have the good fortune to catch the move, I would suggest using some of your profits to cushion a tight stop-loss on a short initiated at the target.
