maybe rebound here first but the pullback may have legs.
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Trades with cats wrote:It was the very thin Asian markets that went long on a meaningless statement last night. Reasonable chance it will all be reversed quickly.
“Both countries have decided to work towards a long-term agreement, in other words, there may be no solution to this at all and both countries may just continue to trade with each other under the same old terms." https://eresearch.fidelity.com/eresearc ... BINED&sb=1
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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the rebound usually fail around ema20, let's see. if simply keep going up then today is just a range day, it was vacuum down now vacuum up, so kind of key time now.
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Back below VWAP on my chart. Failure to retake the overnight high, so this is the fourth time since Sunday evening.
To the downside the most common price since the Sunday night open (Point of Control) is the New York opening print. 1 and a half points lower it looks like Friday's high has some meaning and a couple of points lower yet the overnight low was sort of tested at the start of this last up move (11:35 New York). Maybe they pull a rabbit out of a hat and take things higher but it looks like testing the lows is more likely.
OK, it's a range day, assume range high is the day high, so the rebound isn't over yet.
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