The overall RISK picture is starting to stabilize, unlike what you hear or read on the news/outlets. We still do not think this is the BIG CORRECTION, I think that is a Q2 story. The DAILY CHART shows an A-B-C complete, this level offers decent RISK REWARD.

We can RISK 127.20 for a move back to 131.00 – 131.50. That has good CONVEXITY.