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fehro wrote:fehro wrote:fehro wrote:shall we try again..short SPX near here.. 2507.50 not sure.. resistance, 30m/ 5m
as per usualmind the morning gap .. SPX
covered.. may bounce here.. SPY testing yHOD, mon HOD.. +$4.50ish
Trades with cats wrote:So true, yet when big traders using "other time frames" enter or exit we get those wonderful day long trends.
fehro wrote:reload short SPX again 2500.00
Daniel wrote:..one must be watching for breakout leadership (or not) from IWM.
Cobra wrote:higher low possible so sharp rebound anytime then the low was in. bears need work harder.
Al_Dente wrote:new ATHs today: IWM, XLF, IYT
(fehro or daniel probably already noted this)
Trades with cats wrote:ES 2497 is the clear point of control for now. I am learning market action or auction theory vocabulary. They call this area a fair price because buyers and sellers are in balance. They also call it a zipper on the chart.
Trades with cats wrote:From Stock Board Assets public posts- Late stages of a recovery economic theory says manufacturing and basic materials should be leading. So the macro view gives an edge to intraday tactics if you know which sectors should have a tailwind. But while it sounds good on paper I think Yogi Berra said something about theory and practice!
Trades with cats wrote:..while it sounds good on paper I think Yogi Berra said something about theory and practice!
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