Replies to post #11127 on 123Tom's TA study group

[Citrati]

Very interesting close for AVXL. Daily shows a hammer candle right above the 200period.
Today S&P attempted a breakout.
Tomorrow is the CPI report.
Wed is the Fed decision.
Friday is a quadruple witching day. Often leads to greater price volatility as big boys hit both directions for expiring options so they can reduce premiums paid out to retail while increasing the profits to their pockets.
Price held above daily AVXL 8ema.
What effect, if any, will these events have on AVXL rest of the week?. Daily XBI also has a hammer candle just above its 200 period. Just have to wait on confirmations and not get emotional over the volatility

Going to be a very interesting rest of the week.
Green Trades.