Yes, a needed and well deserved cool off of the chart and very healthy indeed. Great day of churning above .02 and once the profit takers are done, we resume our trek north to higher ground. Nickel in the making here short term. A bear raid today was expected and an opportunity for those that missed the early part of the run to jump onboard for the next leg up. I think this afternoon's session is going to see us back to green and above HOD before close. IMO.
I don't have that capability but this was overheated and in overbought territory.Stop losses are just stupid in this market! It needs to cool off before next leg up. Everybody knows this and that's why no one is posting that's a regular on this board...
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