X Gapped down today pretty big. If you look at where it opened, anyone who has bought in the past 9 trading sessions started the day down. Could this cause people to close their positions on the day and bring us lower? I thought I was bullish
on X until this happened. We will have to watch how the market reacts.
This idea and analysis is part of a 3-month trading challenge in which I am only using the EMA 50 to indicate trades.