Very monotonous day, no real trades in either direction. The problem with small moves to the upside intraday is that it doesn’t let the market get oversold enough. The McClellan Oscillator is at -39, which is oversold, but not extreme. The pivot low coming in today was $134.49, and we are at $134.56 as I write. The low is $133.91 the high is $135.03 (two new points of…
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