the markets printed us a nice big bullish engulfing on the daily almost hitting our final target for this 3 wave push of 4200.
still not over yet so we may get there over the next day or so, how ever our algo is spitting out some take profits now.
depending where you draw your fibs from the 38 could be a solid rejection around 4400 which lines up with a strong rejection from a month or so ago.
right now we are sitting on our hands and waiting for a rejection around 4200 area.
daily volume still steadily climbing but cci getting higher and higher with out a solid swing low on the daily so expecting this uptrend to either come to an end or atleast have a heavy pull back soon.
that daily reversal signal is where we will flip our bags and turn back into the big old bad bear ggrrrrrr