Yeah i had the same thoughts, i bought some long positions last...

Yeah i had the same thoughts, i bought some long positions last week, think the sale has come at a good time.

The action for the last week or so looks like its starting to form a new uptrend, but still early days.

From what i can see the sp keeps bouncing of the lt and st downtrending channels which suggests to me it wants to bounce.

I will try get a chart up showing my observations...

Im looking for the sp to test $16.90 with an initial target of $17.50 follwed by a target of approx $19.

A couple of gaps to fill @ 16.66 and 17.00.