TRUMP ran 41.3% to a high of 3.68 before getting sent back to 2.58.
$278M in volume drove that move, but the long wick on the candle suggests heavy selling met the rally at its peak.
The desk's read is that this was distribution, not a sustainable breakout. The key line in the sand now is the 20-period EMA at 2.46. A failure to hold that level would be confirmation of a local top.
Is this pullback a gift, or was 3.68 the exit?
$TRUMP
$278M in volume drove that move, but the long wick on the candle suggests heavy selling met the rally at its peak.
The desk's read is that this was distribution, not a sustainable breakout. The key line in the sand now is the 20-period EMA at 2.46. A failure to hold that level would be confirmation of a local top.
Is this pullback a gift, or was 3.68 the exit?
$TRUMP