Wayfair has been consolidating for quite some time now. Was expecting the breakdown afterwards but it looks like I was wrong. The current formation is reminiscent of a cup&handle and coupled with the recent breakout looks to be making a mvoe up.
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There will definitely be a correction tomorrow. We will see if it's confirmed to go higher or if it will tank with the SPX500 down 1% on overnight futures.
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making the correction
