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we might actually in a channel. still not touching upper trend line as yet.
if bull hold spy 205.4-ish, then rally would go into next week (Santa rally scenario). target spy 209.0. but tomorrow ex-dividend for spy may need to check spx for target.
/ES - ish … Tradingview's SPX500 CFD.. daily still in a yellow triangle.. upper range 2090-2100 for triangle (higher it breaks/invalid).. bulls see an invs H&S on the 60m.. the green one got damaged.. it was messy… now they see a yellow invs H&S one for an uber Santa Claus rally.. new all time highs.. cue the singing angels.. fwiw..
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Last edited by fehro on Thu Dec 17, 2015 2:24 pm, edited 1 time in total.
fehro wrote:/ES - ish … Tradingview's SPX500 CFD.. daily still in a yellow triangle.. upper range 2090-2100 for triangle (higher it breaks/invalid).. bulls see an invs H&S on the 60m.. the green one got damaged.. it was messy… now they see a yellow invs H&S one for an uber Santa Claus rally.. new all time highs.. cue the singing angels.. fwiw..
I think there need to be another leg down to spy 203.0 for the uber santa rally to materialize. maybe tomorrow, otherwise not enough time get it delivered before xmas
double bottom breakout. maybe the low was in for today.
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