This is a desirable back and fill here (64 to 68) which will provide further support and fuel to the upside. I'm glad we are having it as we got ahead of ourselves early today. Still concerned however about the cash gap from this morning. I would have rather pulled back overnight.
Certainly possible. However, there has been no sell signal on a larger time frame yet, so I continue with long bias. If it did pullback to there, I am fine with that as it would offer buying opportunity.
Basically what you have here is a major bullflag in progress for the next leg up.--We look poised for a strong weekly close----I like strong weekly closings.---Most important closing adn print of the week is on Fri.