Bulls beat Bears todayI would not be surprised if sp gaps up tomorrow morning and keeps running steadily upwards until next oversold situation over $60 after a number of days.
Considering yesterdays candle was strong bearish, we started with lower movement out of the gate and quickly started recovery after hitting low of $47.60. I thought it would go somewhat lower and finish negative from yesterday. SP action showed that upward pressure is stronger than bearish candle due to general high optimism about future guidance and nobody wants to miss the train on CXR/CXRX. just my optimistic opinion GLTA