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Mind the lower open gap just below, and 20w 2097.66 ‘may’ provide better support, above us 20d/50d 2103/2106, which seems we may open at, may provide resistance, bulls will want a good close today to ‘save’ the weekly candle
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I am expecting waterfall soon, Short positions are on the rise, borrowing money is going to become more expensive, plus it is summer, market tends to be very volatile in summer.
China market experiened bigest drop in day las night.
Well, you'd think if Greece were really an issue the market would be trading in greater ranges than 0.5% each day surrounding the "drama". Compare that to the days in 08 surrounding the wall street bailout votes and how wide the ranges were then. There's no comparison. While a pullback could transpire (next week ends bearish seasonality for the year), the market really doesn't seem to care much. As for sentiment, it's as low as ever. No one is buying calls on equities.
The health care sector XLV is at all time highs. We can keep talking about greece, or we can focus on making money being long these markets. The choice is yours.
cletus wrote:The health care sector XLV is at all time highs. We can keep talking about greece, or we can focus on making money being long these markets. The choice is yours.
careful of that abandoned baby candle on the weekly.. .. at all time highs.. with a weekly gap.. low volume.. could be a nice short actually..
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