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The pullback overnight probably will be bought. Actually I was very surprised to see that this market can actually fall a little bit.
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EMA20 now is the bear's last chance for a 2nd leg down.
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Rebound has been slow so far, unlike the recent days so probably is waiting for the 2pm Fed Minutes which perhaps is the bear's last hope.
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Fed minutes in two hours, not much expected.
NVIDIA after hours. Opinion of many is this will be a buy the rumor sell the news event. Someone pointed out McClellan summation and other indicators showing market breadth is half what it was at the prior high, so NVIDIA disappointment "could" trigger a down leg. Both bull and Bear Elliot Wave counts are looking for the pullback they have predicted for over a week. Evil site saying Goldman saying CTAs are done buying and options market maker Gamma has turned neutral.
Trades w 2 Cats wrote: ↑Tue Nov 21, 2023 1:12 pm
Fed minutes in two hours, not much expected.
NVIDIA after hours. Opinion of many is this will be a buy the rumor sell the news event. Someone pointed out McClellan summation and other indicators showing market breadth is half what it was at the prior high, so NVIDIA disappointment "could" trigger a down leg. Both bull and Bear Elliot Wave counts are looking for the pullback they have predicted for over a week. Evil site saying Goldman saying CTAs are done buying and options market maker Gamma has turned neutral.
There is 5 waves down, 5-3-5 to finish ABC correction and the buy up again? (I called it a question mart analysis)
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This is what I am expecting, sell off from here until the 27th. then the daily buy the dip will kick in. last time I checked market doesn't care what I think or expecting. Enjoy a Holiday seasons!
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