Initial sig today for reversal as anticipated this morning, looking for more upside tomorrow. If it can close above above 28.5c in the next week, legitimate target to 46 c is on the cards.
Markets weakening??, I do not and have not trusted this last run in the XSO,XJO, but it has been very rewarding to trade it.
ATR indicator does not lie ...it has not confirmed the move to the upside which in my book is ST bearish, other indicators also have early signs of showing bearish tendencies.
So just Expecting to see a bit of a pull back here to correct what I believe is just ST overbought conditions before the next leg up.
Still seeing good buying support in many stocks, that supports the next leg up theory, we will soon find out.
