Well, today was constructive. As noted in the above chart, all of today's trading range was in the upper half of the trading range from the last 5 days. In fact, we even poked above it in the morning. But, keep an eye on the 810 area, for if we see it again, things could get wild.
I'm currently showing wave 'A' and 'B' complete. Although, we won't know that 'B' is complete or even 'B', until we break above today's high. But, it certainly has the 'look' of complete. Wave C=A*1.27 near the 61.8% retracement level. So that is my major target 880-890. I took some profits in the morning and added to my longs in the afternoon. We'll see if we can get some real momentum going. The Bears are still having their way with the Bulls in this one. Wave 'C' should give the Bears a scare before they get to eat again.
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