Replies to post #285149 on Option Millionaires

[PopzTheWise]

It's extremely overbought, lots of shorts covering.. They will start up again next week..

Given how Vxx is still hanging high and then markets didn't really advance that much after Wed. And top that off the volume was suspiciously light this week..

There's a good chance there will be a nice downdraft next week. Maybe with some luck and bad traveling news, we can see PCLN near 1150-1100 range again next week.

[Nolerman]

Possible....very possible. Has to print a reversal candle at some point though.