Strong bounce thus far this morning in the S&P, pumping hard off of a key support level. Financials continue to behave very bullish although the session is still early. We’re into the back-and-fill range I highlighted this morning after getting a telegraphed bounce off of Monday’s value area high:
Although I’m down over 1.5% today and counting, I used this morning’s pop to clean out all the degenerate positions from my portfolio. All except one, BGMD. I can’t let this position go unless it gets seriously weak. It flagged hybrid oversold yesterday with an impressive dataset and look at this chart:
2 Responses to Down But Never Out
Haaa. ES TPO, I feel better.
Raul3, what is that histogram-type chart you have listed, and what program generates it? Looks pretty cool.