The S&P 500, Dow Jones Industrials, Nasdaq, Russell 2000, NYSE Composite Index, Dow Jones Transportation Index, equity indexes, and probably more, all closed down over 1% today.
Look at Paypal's daily chart above. We got a Doji! That's an obvious case of relative strength. So, even though we closed 2 trading day's in a row under the 8ema, we're still in the trading range and showing outstanding relative strength, which leads me to decide to hold our position.
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