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We have seen this sort of an opening streek many times. My guess is that the news leak of a second attempt at a health care bill could be part of it with the traders assuming it will somehow help smaller US based companies. Doesn't matter why, the behavior is that the smalls generally do turn up and down in loose synchronization with the ES but the runs are usually cleaner and cover more points. Too bad the volume is very anemic in comparison to the ES.
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SPX 50d so close 2343 .. just 9 points lower.. looking for a tag DXY testing 50d SMA vigorously.. over look out above.. oil and gold could see pressure.
sharp pullback here then it's range, consolidation here then bias is up. key time.
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BullBear52x wrote:Problem level for da bulls this week, it will be boring, Yawn....
FOMC minutes Tomorrow 2:00pm sides way chop.. till then? .. IWM/RUT 5m looks like it's ready to cliff dive.. bear flag triangle in a channel.. weak all day
BullBear52x wrote:Problem level for da bulls this week, it will be boring, Yawn....
FOMC minutes Tomorrow 2:00pm sides way chop.. till then? .. IWM/RUT 5m looks like it's ready to cliff dive.. bear flag triangle in a channel.. weak all day
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AD
Intraday bears had the ball this morning, gave it up, now trying to get it back
They are not trying hard enough yet, with this wussie profile:
NY declining stocks = 1.3 x advancing stocks
NY declining volume = 1.2 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.