Btw, notice the immediate bullish green up candle that shot through that level right off the open..a kind of Bronx cheer to those who either gave up on Mr Bull or even worse, went short!
No one said it was an easy game. Especially if you don't have the right team on your side.
So, going forward, how might we profit off this pattern?
Well, for one, as the market dilly dallies around above & below this level, some of our favorite stocks might pull-back accordingly due to a bunch of contributing factors like short term impatience or perma-bears salivating over what no doubt are recently elevated levels.
But let's see what the market actually does and make sure to have our "trading processes" in order.