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Up and over we go and the recent five-day congestion zone may well now become support, although I still expect at least a small undercut at some point soon given building divergences in breadth momentum.  Nevertheless, at this point I want to be erring on the long side at the first pullback opportunity.  Don’t forget tomorrow is a Fed decision day.

Related posts:

  1. Waiting
  2. 12.03.09 – Wild Oscillations
  3. Pullbacks and Reversals
  4. 03.29.10 – Positive Range Trade
  5. 09.01.09 – A.M. Roller Coaster