Today's Action

The one thing that stands out in the trading stats is the price : volume relationship which was pretty firmly camped out in the Price up/ Volume up. Often when we get a strong relationship like today's (which is the most bullish) it often serves as a one-day overbought condition. Considering the ascending wedge, I would guess that we'll see some false moves around the wedge, perhaps an upside false breakout and maybe a lower close, It's difficult to say what the configuration will be considering the two events that seem to be high probabilities are  false move and an overbought market (short term).