Hello Everyone,
Yesterday the market pulled back into a support zone that we were targeting as a bounce area. In addition we showed a falling wedge pattern, and that scenario ended up playing out very nice as the general market had a strong rally today with the SPX gaining just over 80 points. The declining 20 day MA is just above and would be a short term target should prices follow through again tomorrow. Huge day yet again for crude oil and energy stocks, and various other commodities like wheat.
Matt
