Jan. 6 at 7:55 PM
$MCK $XLV $SPY MCK - a little momentum has been creeping in (so far) today, with levels above to still monitor closely should price continue moving/closing above - along with momentum continuing to build. Of note, earnings are 2/4/25 and "could" see some pre-earnings buying interest 1-2 weeks prior with implied volatility increasing into that date, which often "can be" favorable to directional option traders (with IV being a component of option premium pricing - all other things being equal). Conversely, a break/close below upward diagonal support would be "heads" up - along with fading momentum, and especially should price make lower lows while moving below the 38.2% fib retracement level:
