3 significant bits of muck here are:- 1248.83 low of 16/3/11-...

3 significant bits of muck here are:

- 1248.83 low of 16/3/11

- 1257.77 61.8% of the recent bear

- 1258.05 low of 16/6/11

Thursday is a probable turn.

90 days from 9/8/11 low is a probable high (7/11/11)

Seems to me based on current price and time that we "should" pause here before any move higher.

Then again the index could just blast through all this resistance as it did to the "support" on the way down....

That's why I have a stop in place. Its 1263, as there are some extensions that could be a high up to 1262.01, but I could manually override that and cover sooner based on pattern of trend.