Let it go......Friday, page-2

XJO up today +0.77%.

Here's a Heiken-Ashi Chart for STW, tracking stock for the XJO:



Today's action wasn't enough to see the H-A chart turn bullish.  Wait.

We've had a lot of volatility lately.  Volatility is a mean-reverting indicator, so that will probably settle down.  Here's the A.VIX chart:



Volatility reached a peak on Wednesday and has now turned down.  That's no guarantee it can't go higher.  But Wednesday's peak was the highest in the past five months, so any further increase is likely to be short-lived.

All of that suggests we'll see further upside from here.  Maybe not tomorrow - but watch the trend.

RB.