From a purely technical perspective (announcements notwithstanding), the SP may have done about all it can do right now. It needs much more buying volume to push through into the 5's. Is the current hype going to provide that? Unlikely IMO. Both Stochs and RSI saying overbought. Interestingly, MACD not in overbought territory. Whether it will fall or plateau is hard to say. May have to get used to trading in a range for a while.
I think we need some of those 200mil+ days like last Nov to push into the 5's (and make it stick). News will be the driver of that. All IMO.
XPE Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
