On Nov 12, a hammer formation was formed. On Nov 13th, an inverse hammer was formed with the bulls over powering the bears. Now if this is like a shooting star rotation, we should be bouncing up. But short term shows 36-37+ pps. I'm scratching my head here . My analysis is it bounces before another pull back shortly afterward. Any opinions?
I'm not sure technical analysis is much use in a market that's as influenced by the Fed as this one. SDRL goes ex-dividend in a couple of weeks. It might be better to just sit back and enjoy your dividend.