Small gap down within yesterday's range, so chances are the gap will be filled. The Global ES FEELS like bottomed as the last push was much slow. It's just a feeling, no hard evidences, anyway, as I mentioned in last night's report, rebound, if any, should be a sell, so let's see how this rebound goes, if indeed.
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1. Volpinacci has a new, down translated, MM scale.
2. On this scale, the bottom of the octave (0/8 = 78.13) has become a “must hold” support for today.
On the same scale, a minor support (1/8 = 78.52) seems to hold in pre-market ,with the help of “divine intervention”.
hey guys is it me or does the market feel like it's going in slow motion today? maybe after yesterday's crazy day... i bought a little at 1270, lets see if we can close to yesterday's close @ 1282.75.. resistance@ 1277.
oldpigwang wrote:Cobra Da: YM night low was -94, will be revisited?
why not? take a look at daily chart. this kind of selling pressure cannot be stopped right away.
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agnosia wrote:hey guys is it me or does the market feel like it's going in slow motion today? maybe after yesterday's crazy day... i bought a little at 1270, lets see if we can close to yesterday's close @ 1282.75.. resistance@ 1277.
yeah, my guess is a slow day too. The reason is I need go out for an hour or two, so kind hope a slow boring day.
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still FEELs the low was in or very close as I see clear 3 push down and the most important of all, QQQ and IWM strong, so we shall see 2 legged up from here. Let's see...
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guys, I have to go out for an hour or two, may try to update using 3G. See you then.
not much to say so far. still think the low was in. but feels like a slow day.
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