$F bulls should be very happy with what they are seeing here.
We got the pull back to between the 0.5 and 0.618 Fib levels and so far holding support on the 50 Day MA....this is what we wanted to see after losing the yellow trend line that was a strong support level for the last 2 years.
We will be looking to see if the yellow trend line can be recaptured, if it can then we can add in the impulse wave next, until then, there is still a slight risk on the table here.