"another push up" as I said. now let's see if bears can make a lower high. if not, then there should be another push up.
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What we saw today was a European Black Bear, a close relative of the North American Black Bear, but clearly not the same thing from a trading perspective.
ES trying to make the end of the lunch break memorable with a move to S1 pivot and the opening print. Still short of the morning high. Assuming NY Fed's Dudley is working the phones.
should be another rebound but could be just a lower high.
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testing day low, key time. sharp rebound would mean double bottom so bears must push harder.
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cguirguis wrote:Thoughts on picking up some TSLA for a rebound down here?
the one of 2 reasons you want to buy TSLA here is it's the very first test of weekly ema20 in long long time, usually should be a rebound.
It's just "usually", there's always "exception", so nothing guaranteed.
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looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.
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Cobra wrote:looks like breakdown is more likely. the problem is usually sharp rebound is right after the breakdown so bears still have one challenge ahead.
I think this market will flush my kidneys, SPY $237.50 is not that far down.