Rallied right into the 930 area mentioned yesterday. Resistance is likely but we did close almost right on the highs so further pressure could be seen if we open higher. But whether that upward pressure can be sustained will tell a lot about the direction this market is likely to go over the next while.

There is now a possibility that the breakout downwards was a bear trap. This would be confirmed by a close above 950. A break above 950 would target 1000.

Cory Mitchell, CMT