The TradingEdge

[jxyzobrien]

define what is actually going on
to project the move fib it

the market pulled back to around .32 less then .50
any pullback that rallies in the fib .31 to .50 is a strong
move

is breadth confirming
4 to 1 up
no ticks below -300

so this is a strong move

this also a hard wave 1

so the next move will not have the energy of this move
and will probably channel up

if we get a hard gap down monday that changes the normal move.