Good question. Narrow Bollinger band suggesting a big move next....

Good question. Narrow Bollinger band suggesting a big move next. Sits at the bottom of the band maybe a fake down before a rise up. Rising slow stochastic. Perhaps a double bottom forming around 14.25 the reality is for any argument in TA there is always a counter argument. I think the main reason for buying BBOZ is the disbelief in the xjo rally on Friday which comes more from a mean reversion strategy. Personally I am going to just sit tight. I don't think the xjo is rolling over yet and that the probability of higher highs out ways the probability of lower lows. As for what happens on Monday I have absolutely no idea.