Well if you want to talk about micro-moves, then I do believe we will see the infamous .195c range hit again, which will be bought up very quickly imo. That is of-course if it does hit. According to the stochastics we are under the 50 percentile heading into over-sold territory which may indicate a buy signal for technical traders.
I really cannot say where the SP will head too but I can say that I am confident in another 24c test if we break 21c with a solid marubozu such as that on the 11th.
RED Price at posting:
$2.00 Sentiment: Hold Disclosure: Held
