Quick Market Update

Typically reversals are a process, even with a move like this morning's on the back of Friday's breakout from the triangle, I'd typically expect at least an hour or so of lateral movement before a reversal takes place, however this move has been so parabolic and parabolic moves usually end parabolically in the other direction, I'd watch the NYSE intraday TICK's channel very close, the first breaks are popping up now, this may be more of an event than a process.