NYMO: Critical Decision Point
Trader Moe | Oct 22, 2014 01:14AM ET
Nymox Pharmaceutical Corporation (NASDAQ:NYMX) is at levels where you tend to see a bit of a bobble, followed by a continued strong move up.
But it was also this high at the top of the H&S right shoulder in 2011, and at the late August 2011 high before the flash crash correction low.
So what it tells you is that ES and SPDR S&P 500 (ARCA:SPY) are reaching a critical decision point (the retest of the underside of the 3-year rising wedge and 4-month megaphone VWAP at SPY 196), which we already knew.
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