I am looking at 6500 as the bottom on this pullback. I originally looked at 6800 but I realized that it was a more severe pull back than originally shown on the daily chart, so I nixed that trade. So here is the set up I am looking at. First, I need some confirmation that 6500 is indeed the bottom here. So I need not a close above that line on the daily, but a push above 6600 with some volume. If I see it staying above 6600 I will enter at random and put my stop at 6450. If the trend is changing, which I am not completely sold on, but if it is, I will look for 7500 and above as a place to evaluate the trade going forward. Let's see if we can get above 6600 and make this set up work for us.
