Quick Update

So far so good, I drew a little visual so you could get a feel for what I was looking for this morning and what we have today, if you've looked at enough charts you know one of them looks reasonable and familiar and the other not so much, that's what today was about, the reversal process.

 This is the process I always talk about and it gives the market time to deepened the signals, it's really about the large players having time to get positions in order.

This picture I drew would be more of what I'd call a "Reversal Event" rather than a process, we do see these from time to time, but they are in the minority.

That's why I was looking for choppy, lateral action today, I like what the charts have done with it as well.