UPDATE: heaviest sectors in SPY
short term, not intraday
all green now, but look back a bit to circa oct 18, where they all failed after a quick green trend.
Anything is possible… go green until it fails
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
New investment theme we will be reading about constantly. Corporate bond market will bring on Great Financial Crisis round 2. Blame too easy credit on Fed and notorious bond ETF's where there is a huge liquidity mis-match. (Bonds don't trade that often, ETF's do). So today they have their first headline, GE.
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I knew something smell funny at the top of today ( intraday)
on the Multi time frames reversal set up:
1min. = Checked
5min. = Checked
From here is to focus on Hourly chart to the point of sell the rip on a daily setup.
the normal swing is good looking setup for dip buying on 5min. known to be the last stand buy level for the short term bulls. I am with Cobra, we should expect a higher trade tomorrow after this buy.
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My comments are for entertainment/educational purpose only. NOT a trade advice.