After watching new lows everday, we finally get some buying. A long position will be done tomorrow in the 1270-1274 range. Just 1 contract will be put on as we test the strength of this move. We hope to scale in after confirmation of more buying and higher highs. Volume was strong but well off the volume we have seen in the last several sessions pushing the market down. The long weekend could potentially make for low volume and extreme volatility so be careful.
