MCP Follow Up

I just talked about MCP with a "Trade Idea" Tuesday of this week (although we have had long MCP positions in place for a bit) and then again I spoke of MCP specifically in last night's "Daily Wrap"

This is the chart posted last night of MCP.

 Do you notice anything different about yesterday's 15 min closing chart of MCP with a strong 3C positive divergence and a triangle (which can be short term manipulative) vs this mornings?

 MCP now...

The difference is about a +4% gain. Although, depending on the market I'd watch out for a head fake move, specifically a "Crazy Ivan" (Shakeout of both sides of the apex of the triangle before a move higher).

Thus far we have confirmation to the 3 min chart.

I'll be keeping an eye on this as we have an open MCP Sept. $6 Call as well as some open long equity positions here.

Pretty interesting timing, but as you near the apex of a triangle they always get interesting.