I haven't given up on CMG but a daily close below $760.50 would mean a gap fill to $746 likely. Waiting for a close above $782 and then I think we are in for 20-30+ point run in short order with longer term view that we head to the upper end of the balance area.. 2 ways I like to play this... L common or 2 weeks out $800 calls while in the current price range of $765-$770 with stop below $757, targeting a move $790-$810+. The other way to play is wait for a solid move back into balance and either L upon that occurring or wait for a move up, then retest of the $782/$784 area for an anticipated move higher up. Look at the weekly/monthly chart too, to see we broken out and retesting the breakout area.
