10% up move on PCLN, wow, oh and I was long, how about that.
The over night action was very bullish and we are a FOMC minutes day so here is what i think could happen.
Opening we have a pull back and look for buyers in the 1903 to as low as 1889 area, and if we find buyers a push to 1912 and 1924, with extreme high at 1958.
Now if buyers are not found then the low targets below 1898 become 1875 and 1855.
Being FOMC minutes day and on a day following some decent sized up moves a range bound choppy day is not out of the question at all, so if that is the case will be looking for the range boundaries to trade.
The over night action was very bullish and we are a FOMC minutes day so here is what i think could happen.
Opening we have a pull back and look for buyers in the 1903 to as low as 1889 area, and if we find buyers a push to 1912 and 1924, with extreme high at 1958.
Now if buyers are not found then the low targets below 1898 become 1875 and 1855.
Being FOMC minutes day and on a day following some decent sized up moves a range bound choppy day is not out of the question at all, so if that is the case will be looking for the range boundaries to trade.
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