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S&P 500
5,277.51
(
0.80%
)
US TECH 100
18,137.60
(
0.61%
)
Dow Jones
38,686.32
(
1.51%
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Brent Oil
81.28
(
0.58%
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1.81%
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BoomPickens

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BoomPickens

Re: None

Saturday, 12/09/2017 11:33:49 PM

Saturday, December 09, 2017 11:33:49 PM

Post# of 2804248
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This left a supply overhang (commonly known as resistance) around 18. When the stock rebounded to 18, many of the green-oval-bulls probably took the opportunity to sell and "escape" with little to no loss. When this supply was exhausted, the demand was able to overpower supply and advance above resistance at 18.

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