Chart Request-LEI

We looked at LEI last Friday as a spec. trade

 Today we have a nearly 6% move and it appears volume is on track to rise today, even small changes in volume are important. I'd actually say the small changes are more important then the big volume spikes people often run scans for.

 Another trading range similar to silver and oil with positive divergences on the hourly chart at every low-just like silver and USO.

 The 30 min chart confirms the positive divergences near the lows

 As does the 15 min chart

 Here's the 10 min chart with a positive divergence kicking off today's move up which is now consolidating.

This triangle is a common consolidation/continuation pattern. However these are often run to hit stops before they move higher so I'm using a trend channel wide enough to hopefully accommodate any fishing expeditions to run stops. The hammer that has formed does look bullish. All in all, I think the trade has potential. Just be aware of the common Wall Street shakeouts that we see in these common price patterns.