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Renewed strength after a couple of days consolidation. Don't know how far it can go.
Gap up above the yesterday's high so likely a range day either up or down.
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Maybe a rebound here first then we'll see. It was a measured move down.
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As soon as this VIX 5-correlation tool moves down below the zero line (may take a day or two) it will give a sell-spy signal,
good for a day/few days of pullback
DAILY chart
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Finally should be a pullback here which likely would be bought though.
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SPY 5 minutes. Helluva fight. The bears had the bulls down on the mat, with the referee counting. The resilient bulls give their head a shake, then take it to the overconfident bears. That is one helluva comeback. Fight on, as usual. Collapse? Too early.
Last edited by JFR on Thu Apr 29, 2021 4:13 pm, edited 2 times in total.
Charts posted are not recommendations. They are just a sharing of information.
ES daily. Poking its nose above resistance. Resistance acting as a noose also, for the hanging man, as he tries to get air. There have been other hanging men on the way up; he is a tough bull. Cash in and get ready for the next day.
Charts posted are not recommendations. They are just a sharing of information.
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