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no idea up or down from here so always assume up in this case.
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likely just a range day. FOMC minutes at 2 pm, by the way.
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Usually the FED releases its minutes to Bloomberg, Reuters and a handful of other news services early, with a 2:00 ET “lockup”, so that they can prepare their headlines. NOT TODAY https://www.zerohedge.com/news/2019-02- ... rket-chaos
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR wrote:SPY daily. At a resistance point. Hitting the pause button.
2019-02-20_0934.png
Price pays sideways box
As you say, in a range, Buy the Dip, Sell the Rip.
for new positions on daily, weekly, and Monthly are not a good place to be overly bullish, very overbought zone. market will use the Fed minute as excuse to sell to relief the overbought pressure I thinks.
My comments are for entertainment/educational purpose only. NOT a trade advice.
JFR wrote:SPY daily. At a resistance point. Hitting the pause button.
2019-02-20_0934.png
Price pays sideways box
As you say, in a range, Buy the Dip, Sell the Rip.
for new positions on daily, weekly, and Monthly are not a good place to be overly bullish, very overbought zone. market will use the Fed minute as excuse to sell to relief the overbought pressure I thinks.
Yes. And, as one looks at a chart, it is always tempting to buy at the top. Ha ha
Hey, look, everybody, it is going up. Jump on board the train. Ooops ...
Back later.
Charts posted are not recommendations. They are just a sharing of information.