XOM surges almost straight up in light trading in order to fulfull chart model.

The previous post was on Wed. and it gave expectation for Thursday's light trading day.  While the follow though on Thursday was a bit stronger than expected since it surpassed the level of the prior 4th, it did stop right at the 61.8% fib.   If there is any upside on Monday then it will be small as shown.  Much higher than this puts the model at increasing risk.  I don't see that happening, but we have to know in advance what "good", "acceptable", and "unacceptable" risk-reward situations are in place in order to buy, hold and sell respectively.