WFM RVol>2.5 and it looks like it shrugged off the worst predictions
This base in XLF looks very solid. For now I'd expect another leg up rather than retracement.
Looks the broad market is at the edge of smth. SPY volumes are really low, ranges narrow... If it was the eve of some real move I'd also expect the appropriate sentiments like high greed or fear, but this is not the case now - CNN Fear/Greed indicator shows 61, which is moderate, especially having in mind two month of growth.
Thou I take this recent news as short-lived, there's a good chance for a momentum long against support zone arounf 31
having this picture on daily even after yesterday's huge loss ATW still has some great short potential, in short term i'd expect it @10.00 very soon (like this week)
on poor ## KORS trades on pre-market blw long-term support on decent vols (5% AveVol at 8AM). I'd consider shorts off of this resistance @40.3 if there're buying up attempts on the open