Thursday, March 09, 2017 12:26:18 PM
Somewhere there's a really pissed short right about now trying desperately to push it back down below .0161 and it ain't happening.
Although looking at this situation shorts do have one valid point. In order for this to actually start the true liftoff into earnings it will take bidding folks willing to raise the bid the tenth of a cent in order to run over the .0170 hurdle. And we run the risk of losing upward energy/pressure/momentum if the walls aren't chipped away smartly. Chart might be ready and prepped, but unless there's new, flexible buying pressure and/or new money thrown into the fray it'll flatline sideways (imo). We'll sit with walls at .0163/.0167 all day long with nobody blinking...haha
Still 3 weeks before either extension or earnings show; and it's supposed to be an extension if history repeats. So this really is the calm before the storm. We know it's coming, it's just a matter of when it starts to show up.
Chartist passengers loading will help now that gap closed and we appear to have a base formed though.
Slow, controlled, strong, calm, long, marathon, win...
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