Afternoon Update – Supply/Demand Conflict Comes Into Sharp Contrast, With CTA’s Being a Wild Card, Near the First Buy Signal Level

3:40 PM ET In the last post (SOX Measured Move) I said something that may have been confusing, “I don’t know if the entire move will be fulfilled or fulfilled today as the market is starting show signs of being near-term extended right now, but we’ve already come pretty darn close.” To be more accurate,…