SPLI — Came into today
SPLI — Came into today with concerns about its volume, which I discussed during this morning”s “Need to Know” video. Expanding volume and fresh highs suggested that might become moot. Maybe not. The gap up and probe of fresh highs is threatening to close negative, what I call a “key-reversal” setup. It”s very often re-tested, if not also exceeded on the way to sharply higher highs, but even more often that”s after a near-term pullback. Positive close today would be very helpful to try avoiding that pullback.
