Note the increase in momentum confirmed with RSI
histograms (those silly after-hours traders mucked up the histogram, otherwise we would have seen a nice clean divergence line). Price action is at sensitive levels so this is not a place for the buy-and-hold
crowd to open a position. For Ichimoku
fans, future cloud is green with a slight bearish
span B (again, blame the pre-market traders for that one), but otherwise the future looks good. I'm ultimately using the rim of the cup (sloping down yellow) as my confirmation that the market views this as a Cup & Handle
breakout. Shorts were covering all day today, if we gap up I suspect we'll see an explosive move above the handle.