Did you notice that the USDollar rallied today and crude fell hard. You can expect some price relief soon.
I was even surprised when it broke below 152.20. But it is like I said yesterday in my posts, that was a blowoff candle / bar, with all the euphoria and bull certainty. Perfect storm!
Seen and been through this euphoria many times. I t almost always turns out bad. All it will take is just a slip in Europe or the Yen to finally rally to correct this puppy to SPY sub 140. Don't think so? That's fine. Good luck to ya.
Trades up to $31.75 area, then is range bound around $31 into close. Yes, I have a crystal ball. H&S pattern with $31.75 being the neckline. Will have no position before the close.
At triple the expected mean move ($7up or down), this stock is a great candidate for a power short squeeze. Goldman or ? will innate. Too much neg sentiment. Just watch!
Went long @ 118.43. Looking for retrace to the 121. 00 area 61.8%, then possible fade from there.
Nice doji candle today spells change. Oversold condition spells reversal to the upside.
Wouldn't be so sure about that. Technically, trading today fell right down to the Fib 61.8% retracement area $20.70. Projecting any kind of bounce could see $21.68 for Wednesday
trading. After that, who knows.