Well I'm waiting for the bounce there now (OIH), realize it's not really oversold on the daily yet and the 60 has some room to go too.
I'm targeting RHT here it seems to be hanging at altitude as you say, but something about its strength is strange the way it stayed pinned around 23 despite NQ weakness last week. I'm already short but may switch to puts just in case someone gets a crazy idea to acquire that junk.
After hitting 23.20 and coming down slightly, it hasn't been able to break it for 13 60 min bars in a row once it got back up right around 23.
It hasn't retraced one bit since the jump up from 18
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