Negative D. short term. more and more signs of bearishness, FED may slow down the correction, but it's needed correction anyhow. we are seeing some sort of top short term. find excuse to sell.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
now let's see Fed minute has any effect on bulls in 5 min (guess not).
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show time. it proves we're in range. now rebound from range low.
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2360.50 has been tough all day. Yesterday's VWAP and 0.5 above the extended hours close. If this level is slowing things down then I am thinking regular close at 62.50 is not gonna happen.
More charts less chatter. Fat Tails market tools doing the job today -VWAP, Daily H/L &Range, Daily Pivots. That brown then changing to blue cloud is his Chande Knoll stop. Since he is based in Berlin I call my charts with that stop Berlin Cloud.
Also his colored better volume and zerolag oscillator telling a story.
My point is today's Fed data release was a great lesson in reading price action.