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Blue boxes are liquidity pools, not very big today. Orchid is FT71 primary and aquamarine is his 2nd choice scenario. He is looking for a quiet day which he says choppy and quiet is typical following None Farm Parolls Fridays.
Cleaned up my trend lines by drawing along the bottom and dragging it up. Clear channel to 2900 . No idea if there have been enough trade deal tweets to get beyond that level.
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possible uptrend day. will be confirmed further if no sharp pullback in the next couple of bars.
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Yield at long-term support, and treasuries at long-term resistance.
While Friday's COT showed a huge increase in Yield shorts: “Currently net short 467.7k, up 91.5k”, which may soon be fuel for a short squeeze in Yield [per hedgopia, Friday]
WEEKLY
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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I’m still complaining about the 1/VIX
See the robust bull-angle of SPY, almost wedging (top panel)
Compare to 1/VIX, barely bull-spy, sluggish (second panel), diverging
60min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Ugly break of the better trend line. Waiting for some sort of re-test of the high. Expect part of this morning was euro zone traders "getting out of Dodge" because of the current chaos in Great Britain added to the increasingly similar chaos in Germany, Italy and France. I think the list goes on
pullback is too sharp for an uptrend day, not good. for now it may still likely be bought, but it could be just a lower high.
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I have four reasonable places for a bounce , Overnight high (nope) VWAP (maybe) regular open and the opening range low (not there yet). Something ought to work.