Textbook action here today. Very normal trading testing yesterday's 881 area and closing close at the fib extension value 901.5
We getting some bounce on the oversold material and Oil companies and rotation out of the staples. Mid day today I watched as the bulls tried there best to keep the selling from getting out of control and booyahhh :) we were in buy the pushes down mode.
Nasdaq showed some relative strength but pullback off that high it made late morning. Where do we go from here? Well seem like we can grind higher and 965 area might become the next target if we mount that 922 area.
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