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XIV daily, fwiw.. near dashed blue resistance, red channel, red bear flag of sorts.. could pop up and head up to top of channel.. possible very messy H&S take it with a grain of salt.. should this or slightly higher fake break occurs.. then heads down? .. some big news on the horizon?
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interesting how a pattern can work for 4 years with no failure like the one i posted about last week regarding the first downtrend line....and as soon as i mention it on this forum, it fails. makes part of me think they are out to get me haha
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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Looking at dollar/UUP, got me to think if the only way to keep this market up is by weakening the dollar, it will get to a point that collapsing of a dollar is necessary.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
i refuse to post components of my own composite signal because it seems like whenever i post anything here, it fails the very next time lol. but i will say i favor using oscillators but ONLY when a buy signal occurs after it sat in sell mode for a long time, and vice versa. when oscillators give rapid signals, i avoid them.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
BullBear52x wrote:Looking at dollar/UUP, got me to think if the only way to keep this market up is by weakening the dollar, it will get to a point that collapsing of a dollar is necessary.
USD weekly long term fwiw. possible H&S within a much larger blue triangle/ invs H&S ... neckline is key.
goes as expected. if this push up can make a decisive new high then the guess is invalid.
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