Not sure I see what you'all are seeing. First look, I see a DAILY MACD that is about to turn up, if it hasn't already. I see better than 2:1 AD and better than 3:1 advancing shares to declining shares. I see 263 new highs and yet another day of "smart" index call buying. This, on the heels of an 8-plus week old negative NYSI that is turning up, new highs in the DOW and a correction that held the RSI 50 line on at least three attempts lower.
WHat are you seeing?
mm
I don't know about XD, but for me, I realize there was pent up buying pressure from EOQ dressing that was waiting for a "feel good" go ahead from the Fed. It was leaking in the past few days, but they really let it loose today.
If the weak hands were looking for an excuse to buy, they were given the green light, after being shaken out the last few days. So my guess is, this time it goes down, they are going to hold, and maybe even add.
All assuming it goes down, ofcourse. Plus I think a bunch of stops needed running from shorts that piled in a few days ago, and a fresh invite to the public was in order.
I'm going to guess a few days of consolidation before it drops... but its only a guess.