@TheSpiderKing, Here's what I have on the S&P. We are at the resistance line (green line) to the upside. When we break above this level it would signal a bullish O/A market. That doesn't make sense to me, given the condition of things economically. So I expect a bounce and retrace to the previous resistance. Below the red line (bottom resistance), a continuation into bearish territory. Things get more complicated with earnings and such, because then it is no longer pattern trading. BUT, we may not be pattern trading at all so close to earnings. Callaway is a solid company and a top earner. It just depends on how many are trading with algos on this ticker.
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