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Alistair Williamson on twitter looking at possible bull exhaustion candle on daily chart. He tweeted earlier today that he was buying puts again. So confirmation bias must be considered.
Well market didn't care about VWAP but the overnight high looks important.
Volume profile has no bell shaped curve, just jagged and blocky which I thinks means no consensus on price.
If bears can not get back down under 38.2% today closing candle will not be bearish as it was 10 min. ago.
I am done today, bottom line, I still think up move is limited in next couple of days. I am bearish bias short term but will not stop me from buy intraday. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Bank of America via zerohedge saying buybacks year to date have offset net redemption from managed and ETF funds. So I guess we can call this Tim Cook's rally. Which is of course unfair because his decisions have been propping up this market for several years now. Maybe they should rename the exchange the corporate cash redistribution building.