I am tending to stick with last week scenario, strength early in the week and then weakness later, so a G&C is more likely today than an uptrend day. The question is what after the C later in the day, since there is a lot of resistance in the 1935/40 area, I would guess we attempt to get there, and then retrench, we may still see sub 1900 in the near future. I have put some asks out (and of course have a normal set of OB's in case we get some major swoon). Just took off this morning serving of MERQ here at $36.20 for a nice DCB of $2.70, barely making a dent in the loss of the $43 or so average initial position in that one, still easing the pain. If it gets back under $34, I reenter.
