ScripsAmerica Inc. (SCRCQ)

[Rhee]

SCRC - Might finally have the double bottom.

Well SCRC got the dead-cat bounce to the .64ish resistance and then the double-bottom I was looking for, with support provided at the 38.2% fib off the lows. Thus far, we in fact have a higher low, so she must now demonstrate some strength. If SCRC does not hold the lows, as long as the RSI goes higher as the PPS goes lower, a bottom can be put in. Otherwise, look to the 200 day SMA for support.

SPY looks like she is headed to 173 this year. Although, with OPEX on Friday, there might be a pullback before the next leg. which might sweep some stocks with it. Albeit, the outlook is bullish on strong upward momentum, whereby highs get revisited before the retracements.