failed double bottom breakout. I'm neutral, need see more bars.
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XLE: If it has made its low, an upside target looks to me to be about $87. A close above $82 imho would be significant. Otherwise, still just another move within the bounce zone.
BullBear52x wrote:Maximum allowable for any dead cat bounce.
U think SPY is a dead cat bounce, but u expect the USO goes up . I think it is a conflict. spy wants to get up with the help of oil popping up .
I just follow chart based on price action. also they are different time frame. SPX is in consolidation, USO is breaking upward from its consolidation range, watch 18.5 on USO, a trade lower is no go.
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Mr. M – I'm on my iPad and don't have the opportunity to look at the Excel spreadsheet but I was wondering if you were tracking the intraday P bars that are unrelated to the previous closing price and if they are being hit on and introduce basis (Percentage)?