We are facing a rally into Christmas, but for market to even call it a success we would need to surpass the ATH made a few months back. With the high probability that each day closer to Christmas we will be seeing lower vol. and this would make it difficult for price to perform a bullish miracle.
Current price is between the 200 and 75 day MA, but is hitting the 60 minute charts 75 moving avg. We could still an extend rally tomorrow since we are still in OB in the intra-day. Bulls need to watch the exit of this OB range to exit their longs.
SEN: Bearish
ST: DOWN
PA: NA
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