In our last update we were looking for some type of pullback going into last Friday, but the market exploded higher to almost 50 on Monday Morning --- since then a pullback to the upper purple line as the Tuesday low has reached that area ------ where 43.00-44.50 is first support this week. Additional support is the 39-41 area where the upper dotted trend line and lower purple line meet. Ideal low for this week would be Wednesday --- in the 43-44 area. Be careful --- 5% moves in one day ---- or 8% like on Monday is tuff when trading leverage. If cycles play out and seasonals ---- we look for a low this week ---------and then a rally into the first week of May --- and then a two week pullback or consolidation during May.