XPE Charts, page-614

Tomorrow will be interesting. Firstly let me say i'm very bullish MT/LT. This is based on both FA and TA.

What I'm about to suggest is only a short term indicator but for anyone who bought in today don't necessarily expect a continuation of the rocket tomorrow. Of course any news trumps my commentary here but today we have seen a very significant increase in volume compared to yesterday and this is with a relatively higher SP. The move up was almost exactly the same as yesterday. Join those dots and there is the risk that ST we may be seeing a buying climax; Increased volume, slowing of trend. This is backed up by XPE being overbought on the RSI but is really only useful if confirmed by following patterns.

So what I will be watching for tomorrow is for this: A steep upsurge again followed by large volume entering and a retrace, one that punches down well into today's candle. This would be a classic indicator of a temporary reversal, but it hasn't happened yet and if it does, is only a ST move.

I guess what I'm saying is if you end up underwater tomorrow don't despair, it's only a temporary move and may not even happen.

Now for the bright side; We have a MT cup & handle on the daily, with a target of around 10. This will play out potentially over days or even weeks but it's a strong indication of where we are going.

Also, have a look at my 200ema, the line at the bottom of my chart, it's trend upwards is accelerating.