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many short term intraday tell me not to buy. Up volume and down volume got LL on its peak intraday this what help me buy since Monday of last week but now it turns weaker so I think a pullback should happen any hour from here. I am bearish bias for intraday trade still.
Find excuse to sell, it may not come today then I will try again tomorrow. Sell
My comments are for entertainment/educational purpose only. NOT a trade advice.
If there is another up leg for today, it should begin somewhere around here (ES 2853.xx)
I've been a MOMENTUM trader over a decade & I only trade setups ranging from scalping, day or swing trading for living. My posts on here are ONLY FOR FUN & therefore not recommending anything to anyone. GLTA.
I thought today would be different. well, not so, it's a typical intraday sharp down pattern recently. now hopefully the up and up till the close still works. let's see.
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MrMiyagi wrote:STOCKS TICK DOWN SHARPLY ON BLOOMBERG HEADLINE (no article) THAT US OFFICIALS SEE CHINA 'WALKING BACK TRADE OFFERS'
Immediately followed by White House news that Mnuchin and Lighthizer are going to Beijing next week.
Immediately followed by WSJ article saying US-China trade talks are in 'final stages'.
MrMiyagi wrote:STOCKS TICK DOWN SHARPLY ON BLOOMBERG HEADLINE (no article) THAT US OFFICIALS SEE CHINA 'WALKING BACK TRADE OFFERS'
Immediately followed by White House news that Mnuchin and Lighthizer are going to Beijing next week.
Immediately followed by WSJ article saying US-China trade talks are in 'final stages'.
51% chances it higher low trend reversal, aka the pullback was over. Decisively break the ema20 would be a good confirmation. let's see.
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