What an impressive day, the futures bounced @ 875 early this morning, and made a steady climb higher all day. I myself took part in a few longs, buying up [[SONS]] which closed above it’s 200 day, and [[OXPS]] which has all the ingredients for a BTFO.
I was trigger shy on [[SIGM]], and watched it climb all day without me, the setup was too good to pass up, but somehow I passed it up.
Technically, this is exactly what we want to see, a pullback down to support (875), followed by an explosive move higher. I will be searching for a more long setups tonight, I’ll post my findings later tonight.
RC,
nice move today…but volume was pititful….could be a B wave with a C wave down to come…
indeed. a lot of overhead resistance to pass (200 day).
I still expect a lot of whipsaw action.
Explosive? Come on man.
Buying financials with 30min left in the close wasn’t excactly “explosive”. Just a nice trend day up.