A.M. Look 1/8/18

Spu’s…25X3 point & figure shows another 80 point rally without any back and fill.

The pit daily chart shows the low risk buy zone is in the mid 27 teens.

The market needs to relieve its overbought condition.

Whether this is a sideways chop or some back and fill weakness later in the week remains to be seen.

Let the day unfold.

This entry was posted in Archive and tagged . Bookmark the permalink.