A Thought Regarding Magnitude of Move

Yesterday I made a post regarding what I thought was a sensible set of levels and reactions that may occur. They’re relatively modest stair-stepping expectations.

But, as this structure we’re in becomes larger and larger and larger, it does open the possibility that those modest expectations are inappropriate here.

The longer the consolidation, the bigger the move.

And, strictly speaking, the measured move of a structure like this is the rally that led to it.

Honestly, I won’t be shocked if we just go shooting straight through the top of the bull flag in almost a single move at this point:

ES


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