Market indeed did go to 55 target and turned around on this significant resistance zone. Any pullback now would be bullish as we are too extended to take out this wall of resistance. The pattern is bullish and it wouldn't surprise us if we based under it for the intermediate term before breaking out into higher territory. As we've preached over the years, the easiest trade is to stay long into the target instead of attempting to buy the breakout. This year we've focused a lot on target trading and that's a theme we're going to run with into 2011.
