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Black out alert from Nomura today. Bulk of S&P resumes buybacks mid month, FANGS resume last week of the month. My guess is perfect timing for the counter trend rally we are all waiting for.
Rest of their forecast was 2535 is when all the big boys go full short. If true I see a 2000 or 2009 style waterfall sell off.
What I remember is they look a lot more awesome afterwards on the charts and were just frozen deer in the headlights scary to trade, mostly because of the super violent moves in both directions.
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SPX 2585 confluence of pink, red, dashed red.. key.. it breaks .. look for a fast sharp drop.. it holds.. 2612ish? still struggles here at 200d 2591ish
INTRADAY TNA broke the HL (higher low), took out the stops (red horizontal line), and popped back up
Grrrrrrr, I know I know, stops too tight
(ignore vertical lines)
2min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
sharp pullback here would be lower high, bulls over then, key time.
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