Check it out. Its a beautiful thing. Look at the base of today's candle. No wick! Just started up and was strong all day. Look how close to the top of the candle it closed. Tiny little wick. That's a bullish sign. Look at the huge relative volume. That's enthusiasm. Close 533 - Open 518 3/4 = 14 1/4 points x $50/pt = $712.50/contract. Not too shabby.
Wouldn't be surprised if we get a bit of a retracement tomorrow from profit taking. As long as it closes above the 8ema I'll be happy.
Also, notice how the Bollinger Bands are about to break out through the Keltner Channel? If we get another strong bullish candle tomorrow and it closes with the BB's outside the KC, then we have a squeeze break out and the odds are we'll get another 5-7 candles in the upward direction. That should easily hit the target at the 127.2% expansion, around 561.
Keep your stems crossed.
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