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They take time to slow down the landing on the wedge. this is the wedge I am eyeing.BullBear52x wrote:A little longer time frame is not so exciting now.BullBear52x wrote:One hell of a strong bounce, bears would not have a trend day unless new LOD is happeningBullBear52x wrote:The reason for sell, but thing can change fast intraday.BullBear52x wrote:I am selling with very tight stop.
Buying pressure is better than selling. Hmmm... Have a good trading all. Peace!BullBear52x wrote:They take time to slow down the landing on the wedge. this is the wedge I am eyeing.BullBear52x wrote:A little longer time frame is not so exciting now.BullBear52x wrote:One hell of a strong bounce, bears would not have a trend day unless new LOD is happeningBullBear52x wrote:The reason for sell, but thing can change fast intraday.BullBear52x wrote:I am selling with very tight stop.
Right now, QQQ at 168 is exactly ON its daily VWAP, and just below its (downslope) 15min 20ema... a classic 'inflection point'.BullBear52x wrote:Buying pressure is better than selling. Hmmm... Have a good trading all. Peace!
QED wrote:.
AAPL: Another Parabolic Breakdown
Carl Swenlin
November 05, 2018 at 11:55 AM
https://stockcharts.com/articles/decisi ... kdown.html
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IOW, it could go up, or down.... Caveat: This is a monthly chart and the last bar won't be final until the end of this month. But wait, you say, the parabolic arc has been broken! This is true, but before the end of the month price could reverse upward and take out the recent all-time highs, at which point I would have to redraw the arc to accommodate the recent decline.
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Robust reversal-of-reversal in KRE, now up > 1/2%. And XLF is up nearly 2%!!Daniel wrote:KRE has given up all of its gains (nearly 1% at the high) and is now red. Meanwhile, tech ETFs have been gaining in intraday RS...
update: No longer. XLK hanging around neutral, now down slightly--but XBI a serious swoon, suddenly down about -1/2%. Risk off.Daniel wrote:XLK, XBI both green!