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possible 3 push down, so a rebound could be due soon. assume the worse, as now need give bears more credit, there's one final leg down before the low was in, but won't be surprised if the low already in.
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Friday and the Sunday night action. I am wondering if the Chinese Courts (of which I know nothing) are responsible for the "US Markets are going to open " bounce getting killed.
(Issued injunction for Qualcom baning Apple phone sales in China)
Monday 7:08 AM 12/10/2018
*Brexit vote rumoured to be pulled
*govts say CFO arrest is separate issue
*"hard" trade dealine 1 Mar 2019
* CL in consolidation range 54.55-49.40
* ES ETH levels 2610.25 (10/29), 2597 (02/09)
8:24 AM 12/10/2018
Dir =1
Mid Chg -11
Range est: 63.50,76.75
H/L est: 2649.25, 2597.50
Dif: 51.75
Notes:
model says +1 but I feel unclear about this
auto est low was 2601.50 which could be closer than my 2597.50
thinking up and down 20, then push up to HOD (?) and down to LOD with a good bounce at EOD
NTA
Educational only and not trading advice (EO&NTA) Good trading to all
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Looks like they will be closing the exchange to defend 2600. The wits have noted they never ever close the exchange because of disorderly markets to the up side.
BUYBACKS
JPM shows that the repatriation/buyback frenzy is decelerating, and will soon be over …
Obviously this is problematic, as buybacks have been the “buyer of last resort” all year. https://www.zerohedge.com/news/2018-12- ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.