Today we had a bit of movement when we approached 800 before the market opened. Tonight in the Afterhours we are tesing some highs, 830-835 ish, we have a good bit of resistance up there so it would not suprise me if we close in to this range. Breaking above 850 will be difficult.
We are entering into a three day weekend with no trading on Friday. Markets are closed, so again we ask ourselves who is rushing in to buy over this three day weekend.
Could have a few short term rallies and retracements. Cover your postions well.