OCC Stuck in a range-Bound pattern since Jan, however it appears that the selling pressure that has plagued us this last month might possibly have begun to wane as the bulls stepped in here to halt the downward trajectory. A Gravestone Doji candle on Friday could signify a reversal given the volume, but taken in consideration with the lagging indicators, I’d hazard a guess and say the SP will consolidate around these levels (unless news breaks) as traders/investors minimize positions for tax reasons. It’s highly doubtful that the two gaps below close unless someone panics the market and the sheep follow. I will be buying anything below 1.20
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