Thursdays Thoughts

We had a nice bounce Wednesday as we are looking to find a pivot low that we can play for some long exposure on basis longer then a few minutes to hours. I am still liking the buy side of things and would look toward a break and hold above 730 tomorrow to bring in the short squeeze that we need to work off this extreme oversold readings. Also we can buy a dip between 702 & 706 in the early trading and keep a 697 stop in place.These are the set ups I am looking for tomorrow as we started to look good today but had the bank stocks hold everything back from finishing a lot higher then we should have. Good luck and again thanks for dropping by!Cheers!