so far it's just a small pullback (not as good as consolidation though), if strong bull bar breaks above the day high then uptrend day would be confirmed.
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the pullback probably will be bought but the chances of an uptrend day is diminishing.
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Cobra wrote:the pullback probably will be bought but the chances of an uptrend day is diminishing.
The strong RISK On profile of earlier is weakening.
Euro has gone red, metals aren't declining any more, TLT is recovering from slight losses. The Yen is still down hard, tho... over 1/2 of 1% loss on FXY.
Chart for the road: Bears need to move or the TA is getting more bullish buy the minute. A trade above 2855 level will be bullish going forward. internals are improving into a positive territory. trade what you see ( note to self) Peace!
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now it's high enough to be seen as the 2nd test of the day high, key time to watch whether bears can make a double top or not.
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