So for me, I'm still looking at The Wedge pattern; we've done the classic kiss to the underside of the broken uptrendline, as I suggested might happen last week...putting in a new high, which i'm thinking is a big 'ol bull trap.
So I'll be looking to the short side/gap fill early on, somewhere in the upper half of the top stacked box. As always, price action up there will be the final call, but I certainly can't buy way up here.
Remember we had the NR7 on Thursday...we have close to a 15 point gap, an open over Friday's high...which are the ingredients for a possible Trend Day....but for the aforementioned reasons, I don't buy it...no pun intended. So I'll likely watch for 15-30 minutes...would love a test of the overnight highs...not sure it will make it. If we do get strong and blow thru up there, I will kick back and re-evaluate.
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