22-Oct

Can a late afternoon rally occur and close positive for the day?

Lots of negative news out there and we opened down hug on a gap. The selling has been limited since the open and volume is extremely light.I am not forecasting a predication here but just reading the charts action. If we can these lows rejected with a surge of volume off the bottoms, we may have a chance to have an afternoon rally. If not the buyers continue to be a bidding strike and the odds increase we break thru the downside of the triangle consolidation.

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