Wish you all great trading day!
Like I said yesterday, until we get over $64 we will struggle, this was a typical day after a big up day like, BUTT, we better hope that was a "continuation" doji, and NOT, the dreaded "HANGING MAN" candle.
If we can't clear this area, I THINK, we, MAY, head back down and, POSSIBLY, test that low at $60 from last June, IE, keep your stops tight unless you plan on riding it down to there.
Here's a few LONG "ideas", BAC "MAY" be trying to head BAC and test $10, CLSN "COULD" be getting ready for it's next move, like to 6.50-7.00, possibly, maybe. UPS and VMC would be a contrast in "styles", as the buy HIGH and HOPE to find a SUCKER stupid enough to buy it HIGHER crowd could consider VMC, while the slimy bottom fisher's, like, ME, MIGHT, consider UPS, ESPECIALLY, considering that this is the Holiday season and the biggest part of their year, and they, ALWAYS, go higher during this time of year (OK, NOTHING, is for sure of course).
Our friends over at Elliott Wave International are offering a FREE 10-lesson video series to show traders how to apply some of the most powerfultechnical methods to their trading.
You'll learn how to incorporate Elliott wave analysis, moving averages, RSI, candlestick patterns and other methods to anticipate price action and spot high-confidence trade setups in the markets you follow.
Access your free, 10-lesson video series now. It's available free through December 3.