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The pullback should be bought if not already being bought.
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Beside positive price action today, $CPC is also down under 1, this is the bullish sign I monitored for week now. New development alert...over over....
My comments are for entertainment/educational purpose only. NOT a trade advice.
we'll see how this rebound goes. in retrospect, while SPX made a lower low on friday, TLT made a higher low and $USD made a lower high. that was a clue.
The pullback probably will be bought again. Actually so far it's just a consolidation which is a weaker pullback.
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Lost electricity last Wed but decided to hold my SPY LONG because of the W bottom on the CONNIE indicator. It is an indicator published by Constance Brown in one of her books and I have been playing around with it for about a year.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Slide down the Andrews pitchfork was bothersome but a good show of resistance.
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Market Makers finally got the capitulation volume they were working for....(chart from earlier in the day.)
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Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Apparently the Feds got together for an "emergency" meeting. Anyone figure out what's so emergency about it? We normally get together for coffee on Wednesday's but decided to have coffee on an unexpected Monday sort of thing is what I got from it. Isn't it sad how those clowns influence the markets.
theRASPYone wrote:Apparently the Feds got together for an "emergency" meeting. Anyone figure out what's so emergency about it? We normally get together for coffee on Wednesday's but decided to have coffee on an unexpected Monday sort of thing is what I got from it. Isn't it sad how those clowns influence the markets.
Is sad, hopium rally today, enjoy it while it lasts.