Some late day action in to the close is looking a bit negative, there are still divergences strong enough to take us higher and the negative action is not universal through the averages, in addition, to muddy things up more, VXX is also showing some more weakness, so the two signals almost counter each other, I'm guessing this is gap filling or rotational movement.
PCLN on the other hand looks like it sees a bounce before a large decline, I'm trying to decide right now whether to hedge it, switch positions or leave it alone, definitely interesting late day activity though.
5 years ago
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