We had a nice constructive move today on increased volume. Stochastics are not yet over bought. The Corn Cup continues. ("Corn Cup" isn't really a thing, but a slow round curve that looks like a cup is a recognized accumulation pattern, which is Bullish.)
One thing that is concerning is the upward Trend Line we're approaching. We broke down through it around Dec 1st and now we're going to test the underside. If we reject off of it and start heading down, that would be a sign of trouble. Not necessarily a trade killer but it could be. If that happens, I'll probably move our Stop up to break even. It would be best if we blast through it and start the BB/KC expansion.
Wish today was a Monday instead of a Thursday because we have only one more candle before we have to decide what to do about the weekend, in terms of whether to hold, hedge, or exit.
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