Keep in mind that the market is in a highly volatile state these days. We could swing from 188 to 195 in a day and that would be normal for what we are in. It could look awfully bearish for a couple hours and then furious buying comes in later.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
Al_Dente wrote:NYSE ...............
Bulls gave away their opening advantage, now chop/range
yeap, not much juice at all.
Boss remember years ago you had an oversold line on your volume ratio.
Was it 0.03 (pink) or was it something else?
119fifteen.png.png
yes, same .03, but them holy grail is only good starting point the chart pattern have to continue, watch 1890 intraday pivot if bulls want to fight on, below is no good.
My comments are for entertainment/educational purpose only. NOT a trade advice.
DellGriffith wrote:Keep in mind that the market is in a highly volatile state these days. We could swing from 188 to 195 in a day and that would be normal for what we are in. It could look awfully bearish for a couple hours and then furious buying comes in later.
Could not agree more.
The character of the market has definitely changed.... In 2015 and before, the market would be ripping higher right now..... Instead, we are dealing with something new and unfamiliar....
Just need to figure out what the new character is right now. Not easy while we are transitioning, but after 6 plus years of BTFD conditioning, it will no doubt take some time.
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