2000 tick has bounced on EMA. If this is a two legged pullback measured move target 4302 which is opening range high. Allready that level has been active resistance leading up to the charge higher so I am expecting it to now be support.
My opinion is that the securities regulators in the US are essentially Fish and Game and their primary responsibility is to issue hunting permits (collecting fees for the government) to the securities firms and to make sure practices that would jeopardize the supply of game are not allowed. "HOOD" certainly proves that theory.
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Calling this Gamma power. Nice reversal at the 50% retracement then the second leg up. Just short of measured move to 4312 and on the money for the options crowd at 4310. I need to pay close attention to all the gamma pinning stuff in these low volume markets.
Taking a week off everyone have a good 3 day weekend.
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