Give it a little room but keep a SL on it to your risk tolerance.
Adding a little more on this mornings open.
Also, yes its out of that channel but that is just a guide, not the waves, and oil no change, commodities no change, growth outlook remains positive, and as we have been saying, inflation accelerating, growth accelerating, and at least through summer the outlook remains positive.
Now the capitulation came and we can head back to new highs.
Trade closed: stop reached:
Stopped out for us 12999 overall volatility may not be episodic but rather trending on tech and nasdaq, UNLIKE the way it is elsewhere. When the volatility cools I will be back to this