Not if you just look at it in a common sense way. The SP is drifting upwards on most time frames. Some people/funds/institutions want to get in but think yesterday's close of 9.72 is not a good value enough entry for them. So off to work they go. On the open it gaps down to 9.36 and rises from there.
Incidentally this is the exact thing that happened in yesterday's session. It stoops down to 9.36 and then is bought up the rest of the day.
Will we trade down to 9.36 tomorrow or have these buyers accumulated enough now to be satisfied?
ORE Price at posting:
$9.70 Sentiment: Hold Disclosure: Held
