Bear traps are gonna happen, but I feel today we'll be near 700.
There's no way it'll reach 700 because the 3 day emas are are $615 and $666. This will be a congestion zone which will not be broken until 3 day MACD is up. Until then $666 will be this evil resistance. It could go sideways for weeks.
sounds like more fuel for the fire. but I do tend to agree that 700 is a bit silly to expect today.