When the Stars Align with the Structure

Unlike the TWTR rumor yesterday with a broken chart, DKS is spiking up today out of a better chart on rumors it is going private. DKS is a long idea we have been looking for about a week now, discussed in recent videos. As long as it holds over $51 I view the move as a bullish breakout, assuming it continues to trade and does not go private. Elsewhere, the market is drifting higher into the Fed Minutes later today. I am standing pat, still, not looking to over-trade an oversold bounce into the Minutes.