Re: Interesting twist this am...... IS the stock oversold enough?
In my opinion, yesterday we had the SPY cross back over it's 200DMA along with the start of the second quarter. You combine those 2 with a few short programs that were triggered and ya get yesterday's rise.
I don't put a whole lot into where a stock is suppose to go per chart in today's environment. Lot of moving parts for the chart to be accurate.With that said, 35 is a wait and see price as I'd bet many think the overall storm in the markets are not over.
Patrick could throw us a bone and your chart would be spot on.Going to take a push from something to get this going. BTW,as I said before,without news many stocks float with SPY on the 1 minute chart. SPY has NVDA pegged,and NVDA has AMD pegged. So,even with AMD upgrade it didn't matter at the bell today. All about following the leader as the machines are programmed to act as set to do so. Just my 2 cents......back to lurking!