cguirguis wrote:Cobra, your MM target was hit in premarket trading. Does that suggest a pullback soon?
No, it's just a target. need wait and see.
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From a contrarian standpoint, today’s reading of individual investor market sentiment, as measured by AAII, helps to explain in part the good underlying bid to this market over the past week. AAII, always a very volatile, fickle reading said Bulls fell to 22.2, the lowest since Aug ’10 and down 8 pts from last week. Bears rose to a 3 week high at 41.8 from 34.7. Those that are neutral rose to an 11 week high at 36.
not sure, I see 3 push up here already, so might be a pullback here.
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pullback indeed, now watch the blue line below, break down would be a small double top then more pullback.
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