Has Cathie done something sensible here? $ARK added a considerable amount of $PYPL yesterday, as the price held on the 0.618 Fib and just above the 200 Day MA.
From a technical point of view, this is exactly where you should be buying if you believe we are in an impulse wave.....not something they have traditionally done before.
We want $PYPL to hold above the 200 Day MA at $60.60, so far I am not seeing much concerns....apart from the US Yields but the structure is moving as expected.
I am also perfectly fine with this moving sideways for the next while too.
Mustang
2024-05-24 11:48:52 +0000 UTC