$AMC running hot into heavy layers of resistance. Just like previous runs, its a sucker’s rally that will cost traders a lot of their capital…again.
The leader behind today’s rally is the $XLRE – the Real Estate sector, which happens to be breaking through a major declining trend-line.
Monster rally out of $CVNA today, but it will be even more important for it to break above resistance and not continue trading in a sideways range like it has of late.
