5 minute view shows that big bar was going through an empty space in price until it got over a price with a 5 (options strike) then the auction resumed with a bang.
Breakout so it's an uptrend day but still I don't expect big up.
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The pullback should be bought. Watch for EMA buy setup but also it means the trend is near over.
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GOOGLE news, today
The Alphabet board awarded new CEO Sundar Pichai a $2 million salary and $120 million in time-based stock grants, plus performance-based stock grants with a target value of $90 million.
Pichai will not receive any additional voting rights with his new shares, leaving Page and Brin in control of the board.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
"For the first time ever, the U.S. economy started and ended an entire decade without entering a recession. But overall economic growth has been slower compared to previous booms."
[CNBC]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
So far today, about 45 minutes before the regular open gamma games ripped the market straight up and VIX straight down to new highs and then instantly stopped moving the market putting us into a tight little range as per the last couple of days. Then just about the time the Fed accepted 7.5 Billion dollars of term repos a second wave of buying lifted things into the Gamma max options strikes as laid out by Charlie the Wonder Boy https://www.zerohedge.com/health/stocks ... ikes-watch ending with climax peak buying volume just as the London crowd called it a week. Now it is back to the regular schedule of worthless tight little range.
I am pretty sure we have seen this playbook before. The real question is if any funds have cash left to buy on Monday to delay the post witch Friday selloff for a day or two or will it be an open down and drift lower start to the week where the desks are manned by low seniority traders. I will find out in a week as I am out of town next week and I am not taking a computer.
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