One More Day In Opex

Well we got our rally, and it was a NICE ONE!

So much so, that the hourly chart is now overdone to the upside (overbought) and we would not be surprised to see some sort of a retracement in the next day or so.  

Remember we are in OPEX (options expiry) this week, and with one more day, statistically the friday of January OPEX's tend more to be a RED day. 

That also goes along with the hourly charts also. We shall see.

hourly chart

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