testing overnight low and rebound, but I think the ultimate target would be the 07/12 panic low.
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I've still got the longs I entered at 1310, if MA 9 on the weekly (now at 1307.30) does not prove to be good support I'm closing. I presume there will be a bounce into the close, not guessing, but presuming the shorts will cover before google shows results. That should lift the market a wee bit...
I don't believe we drop to SPY 129 today. Market Owl believes we either stay flat or rally to close even. Overseas markets rose from their open. I believe we mirror what overseas markets did.
buyers kick in at overnight low, very strong rebound, but usually the intraday low will be tested. Rebound to break the trend line is just the first step.
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the big picture, because the 1st leg down was strong, so generally the pattern should go like this.
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soku wrote:market hit 1302 which is my defined range bottom. i am expecting some kind of rebounce
i am expecting a hit of 1310.75
as planned. dare not short even tho i see sell signals above 1311. but the volatility is coming back. i am expecting bigger and quicker movements. good luck
The goal is not uniformity. It is understanding and idea exchange.
cougar wrote:According to my Espresso Machine: “Pfffsss!...Not-confirmed NEWS: THEY are fixing the deficit and debt ceiling soon!?”
lmao. does yr espresso machine have a sister or some kind? can i have a number?
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Her sister is a “fly on the wall“. I don’t think you want to date either of them…
But can you trust a fly and an espresso machine? Probably more than you would trust CNBS…