Strolling in for the Main Event

In front of the Fed Minutes being released later today, stocks continue to bounce. For larger perspective, consider the IWM, ETF for the small caps, on the 30-minute timeframe, below. 

Either the head and shoulders top (outlined at top of chart) we tracked last week (on this timeframe only) will continue to be the controlling pattern, or the outlined potential head and shoulders bottom will confirm some type of low in place into Thanksgiving week perhaps. 

I see $116.15 as being the level to observe above. 

Meanwhile, biotech is holding tough, with the likes of KITE PACB (a consistent long idea for Members) acting well. Crude oil is battling $40 as we speak, a perennial battleground over the years. 

I will follow-up with more ideas and analysis in my usual Midday Video inside Market Chess Subscription Services.