Very good Heavy! Yep, I couldn't resolve in my mind how GJ was going to rally much more from it's current position considering that last major 3rd wave down on the 4 hour chart so I figured UJ might be doing the same thing.
Then I went back and counted the waves in the current leg and realized we had only completed 3 down and that this bounce was basically a dead cat bounce to complete a Wave 4 retrace.
I have TP on the GJ short set for 155.50 based on this chart...
As usual, I'm in early because the minor Wave 4 in red hasn't turned back down yet but it should before much longer.
News 
Market Data 
Discover 
