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mmm if 63 goes, 46, if 46 goes bears have chances..but Potus says up up up...90 then 08 if 90 goes on the up in that pigs can fly direction..either way, the planks are weak and creaky round these levels..
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The game of most traders are buy put on index and buy futures contacts as a hedge, this will take market sideways for few more days if the big boys want to decay the put options further. will see who will win out the retail traders or the people in the known.
now I see 72ish buying volume is strong I wouldn't be surprise to see we will trade back there and consolidate for hour or so more. will see, the last two days of Globex session were full of shorts seller this is common for price to rebound here. now we have to figure it out what is next after trades are balancing out.
My comments are for entertainment/educational purpose only. NOT a trade advice.
So far two signs of weakness today,
1. Gap down open
2. push higher right after the open but can not hold the high, this will be the tell of today. if we have no new HOD from here, bulls are in trouble.
simple!
My comments are for entertainment/educational purpose only. NOT a trade advice.
strong up from here (probably any strong bull bar) then it's uptrend day. however, most likely it's just a range day.
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look at my sell at RSI over bought intraday, normally I would be at least 5 handles ahead already, this bulls is bad ass, that's all I have to say. the day still young will see.
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My comments are for entertainment/educational purpose only. NOT a trade advice.