Nice bounce off of the lows that we saw early this afternoon, and now the S&P appears poised for a afternoon rally (again). I might have missed the opportunity to get into Marathon Oil (MRO) but there is still some time left for that to happen but the odds are probably against it. Nonetheless, I thought it was interesting how we touched the trend-line just perfectly before resuming the upward tear that we continue to trade on.
Here’s the Intraday S&P Chart…
