Gap down but within the Friday's range, so the gap may get filled and the day could be a range day.
The latest Institutional buying and selling actions.
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I'd watch this consolidation area to see in which direction it breaks first.
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Double bottom, there's a chance the low was in, we may try EMA20 first.
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I guess the bulls will keep buying dips until it is too painful to do so. Where's the capitulation? When the vix was up 7% the other day on a day the Dow was down 200 shows no panic whatsoever.
Rebound from Friday's low, let's see how far this rebound can go.
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It's not the bulls are buying. It's the FED buying via POMO.
cletus wrote:I guess the bulls will keep buying dips until it is too painful to do so. Where's the capitulation? When the vix was up 7% the other day on a day the Dow was down 200 shows no panic whatsoever.