In my previous post this morning I said "And now we'd expect a rejection off the 8ema.". That's exactly what we got. Came right back up to the 20sma. This is encouraging.
Next I'd expect to either bobble back down to the 8ema or break out to the upside Sunday night. Or retest the 8ema Sunday night and then reverse near the 9:30am ET open to break out to the upside.
No brainer to hold the position over the weekend. Although, holding over a weekend is not my favorite part of trading.
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