Today will be in control of the emotional traders, which is always bearish....Powell's testimony just dropped showing speed on the rate hike. An obvious sign of a decline. I believe the calls will sell off before noon and bears will take control for the remainder of the day.
My analytics from a simple RSI, marked by smiley faces in my chart, shows Nike's ($NKE) growth during June's Quad Witch period. Connect the emoji's and you'll find substantial growth opportunity between each point. From a 5 year mark, our RSI comes in at 44.26 showing that it's in a sweetspot over under-bought. Definitely a good opportunity
