A Brief Plan

I was at a party last night at, of all places, a lingerie store . . . way late. Today's trading plan will have to be brief and to the point.

Repeat from yesterday: "So the best scenario at this point might be an A-B-C correction down to the 1385-1390 area. Only an extension below 1380 would shake my tree." 1385.74 is the 38% level.

I'll add a stop to this scenario, 1374.76. Below that would suggest the rally was over and would probably shake a lot more than a tree.