The SPY and DIA are consolidating after their successful breakouts. The IWM is testing support and may yet decide to fully break out of 1400. Gold seems to be in successful breakout range so I would imagine it continues to climb. Oil is pushing on resistance and wants to break out.
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3 Day Trades Available
OWCP OTC- $23.37M traded so far today, rel vol 2.83, Israeli Weed Biotech, 130M float, news of them receiving IRB approval to begin safety testing on its cannabinoid topical cream. This has ran from the sub-$1 range to over $3 in two days before pulling back. It held support at 1.50 for a few days and had re-tested $3.00 again today. There is somewhat of an ascending triangle though the support isn’t well defined. 30min before the close this dropped close to 2.50 support area before bouncing and is now above the intraday level of 2.75 going into the close. I would think that a strong break of $3 could lead this to $4, provided that it doesn’t struggle too much at 3.25.
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