ACB and the mystery of the next leg.

May 5, 2019

Left leg, right leg, up or down. Where is she headed? I'm getting more and more messages from people that feel that ACB might implode soon. Personally, I am not that scared. Last week's move down was caused by SPY pulling back, and the lack of volume made it stay where it was. We need SPY to remain stabile while we wait for ACB to present their next earnings. I hope we'll get a date confirmed this week. Originally, May 9th was the expectation, but now we're aiming for May 14th.

All eyes on SPY, folks. Trade with caution.