We are not too convinced this will be the case as the volume was light today and the specs seem to be in a buy mode and will look to test the highs. RSI is hovering around neutral as the market continues to shoot for the 50 day moving average on the heels of the long ACSA Memorial day weekend when many of the trade will be traveling to Dallas to take part in the annual convention.
For now the bulls seem to be in control in the short term and will wait to see how good the sales and shipments are on Thursday.
marketing@alchempro.com
