Look For

A long lower shadow on the weekly candlestick much like 3/11/2013. This will indicate that the Bears controlled the ball this week but lose control by the end as this impulsive move up makes an impressive comeback. One difference. In all of the previous impulsive moves up, the weekly low did not take out the previous weekly low. It's OK as long as there is a long lower tail. The current and last week candle formations do not lend themselves to a top. There was no "snap".

www.youtube.com/watch?v=AeUXtJDn...

We shall see how the 4 hour chart proceeds from here along with daily.