Parabolic Moves

Like I always say, "I don't trust parabolic moves" and on the open, here's the completion of yesterday's parabolic move. Remember that they are usually steeper on the right side then the left...

I would also be remiss to not bring to your attention the recent volatility, the recent move has been strong, but each day has been very low in volatility with the average good gain being about 0.50% and most other days half that. Changes in character in the market precede changes in the market.