What About ‘Higher’?
Wyckoff said a century ago:
‘The tape is the master, and the tape, is a tyrant’.
We have to go with what it’s telling us.
Looking at XOP, it’s possible we’re in a wedge ‘throw-over’ reversal (not advice, not a recommendation).
Watching for a new daily low … otherwise we’re (potentially) back to higher levels.
Stay Tuned
Charts by StockCharts, TC2000
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
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