TRIVIA, not really market related
San Francisco tech workers get free lunches from their employers [there are 40 office cafeterias in SF ] and are not visiting local restaurants, causing pain.
This is not what the city had in mind when they offered companies hefty tax breaks. https://www.cnbc.com/2018/08/06/san-fra ... nches.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
testing day high, pullback big would mean today is only a range day.
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Elon failed to dislodge the shorts with his earnings tweets. Guessing this is a second attempt. My gut says all the paperwork is done for the new stock offering to raise what he doesn't have, cash.
Starting to look a lot like a double top. Bulls better get their act together.
If they don't nail a new all time high without government help, be it Chinese or otherwise, serious trouble. Nobody accepts the longer term technical indicators at face value anymore because of the constant government intervention and I think the awareness of that is steadily increasing.
larger ascending triangle but still breakout is more likely
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Jon "Dr. J" Najarian will be on CNBC later saying that he bought those options at the VERY bottom and sold them at the VERY top ...
and if you buy his service, you can trade like that a well.