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A little breakdown below range but not decisive enough yet, so the chart is still up biased because the pullback can be seen as bull flag.
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the consolidation range on Global ES looks good, a breakout is more likely.
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Still Long. My stops came into view overnight but held.
If the trade is still on this afternoon, I'll go to manual control around FOMC time.
Regardless of what the minutes say, the algos may be clearing order stacks in either or both directions.
I may even just take some profits if I see a good price.
My summation signal is up.
My composite trend signal is up.
Overbought readings have been guiding me toward the exit.
Even so, longs could get reloaded once things clear.
If we ever have a down day again, I'll be trying to appraise the vigor of any selling.
While price has done well since the low, some of the technicals in my trend model have not shown similar strength.
So, if sellers pile in at the first sign of weakness, maybe we get a turn. If not, maybe just a breather before more highs.
OPEX may also be a factor this week.
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