Someone on Slope reminded me that the last time we were starting a counter-trend rally, I presented a series of ETFs with some sensible target prices for resistance. I have done that below, and in every case I am simply highlighting the Friday/Monday price gap (AKA the low from Friday). These are the key levels to watch for meaningful reversals, assuming this counter-trend bounce isn’t as insanely robust as some of my peers are saying (like 4400 on the /ES…….)
