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We should all see Head and Shoulders Bottom here (red arrows), the text book target (green arrow) pointing to an all time high which at the current stage, I don't believe yet. The gap is small so far so probably just a range day.
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SPY 15. Looks like it will start about where it finished off yesterday. Expect a quiet day? Not so sure about that. And there were some ups and downs overnight, as Johnny Carson used to say. Ha ha.
Charts posted are not recommendations. They are just a sharing of information.
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Market profile is improving, overnight trade lift up value area. bulls need to push none stop above 5 DMA and closed above or they can fail also. I am neutral now. will wait and see now the next buy setup unfold.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Testing the yesterday's high, breakout with good looking bull bar would be an uptrend day.
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If bulls can hold up and closed high today, the bullish reversal bar and MACD histogram looks solid for bottom. another fun fact since December. buy on RED elder impulse system day are all making money. crazy bullish market.
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My comments are for entertainment/educational purpose only. NOT a trade advice.