Today’s volume was up from yesterday and price was up over 2 percent. But volume was below average. My current short term guess is that price will test the recent high and fail. A move back to the January high for a downside test will complete this correction. The time frame of the move? How about the cross of the diagonals in a couple weeks?
The 10dma of the advance-decline line has not gotten significantly oversold yet. My guess expects another push lower of this line to below the -600 level.
Charts courtesy of Stockcharts.com
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