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no idea up or down from here. No bottom pattern yet though.
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breakout here then it could be an uptrend day. rejected here then it could be range day, I won't count on downtrend day because bears suck. For now breakout looks more likely.
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market deciding to follow the mid channel. Several big pullbacks make for small opportunities . Waiting to see if we get an inverted pattern and drop after the Euro time zone goers home or if it tries to recover into yesterdays range, since the Asian and Euro overnight sessions sell off has now been reversed.
Also hope springs eternal that all the Fed jawboning will spark the last of the unicorns to commit all their margin. Would be interesting to chart out Fed speakers volume over time to see what it correlates to.
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I don't read it as double top, I read it as ascending triangle so bias is up to me.
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Chair Waters is set to gavel the testimony at 10 AM eastern. IO am guessing Fed will drop the embargo on print version of opening statement at that time.
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