Waiting to Get Framed...

After the massive relief rally, it's now a matter of where to board this train. Fortunately, the market has carved out a nice little boarding ramp. In fact, it framed it up perfectly. There's a beautiful little confluence of technical mojo laying in wait right at the Wave-3 and Wave-4 cluster. Add the magnetic pull of a round number at $2,400, the 20 day moving average, the tendency for a Wave-2 to overlap with the prior waves 3-4 and the Aglo's that will be waiting to bite at the 50% and this a must trade for me. Look for a front run on the 50% for the entry and give the stop a little room under the 61.8 for a stop run over the weekend "if" we see this unfold. Over a 6-1 risk reward... Have your tickets to board should we get this pull back over the weekend.