Cash SPX, bulls need to closed >50% for a good bullish reversal candle and more up side tomorrow, if not tomorrow will be another sell day. I don't think bulls will give in easy today the way it has been acting the last hour or so.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Today trading is fun, keep an open mind and you can see both side of the coin. bulls are trying hard to reverse the trend, where bears just kick back and hit back at important spot. now if bulls make a new HOD from here it will change a lot of thinking as far as intraday trade. it will bring in more bullish vibe to the trading floor.
I will not be trading tomorrow, busy with other to do list. will be interest to see today unfold, it will be a tell tale sign for what to come tomorrow.
My comments are for entertainment/educational purpose only. NOT a trade advice.
I believe it's C&H instead of a double top therefore bias is up instead of down. Let's see.
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SPY 5. Up off the EMA 20. No quit in "them thar" bulls. A contra day, going against my signals, but this is as expected after a big down day yesterday.
Last edited by JFR on Thu Sep 24, 2020 1:35 pm, edited 1 time in total.
Charts posted are not recommendations. They are just a sharing of information.
Bulls want a green Elder bar, and/or they want the wedges (on spy and qqq) to produce a breakout
Bears want the measured move or the H&S target (cyan) to work
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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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