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Intraday: new swing low will be very bearish and stop out the the swing buy setup. only price pays....bulls buying or die.OK you know where I am going at this line. do or die, Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Very much in the range defined last week. Negative bias to price movement which is not the normal pattern. Supposed to be positive on a Monday morning. My guess is big players are slow to make decisions based on cocktail time stories in the Hampton's.
No rebound around now then it's a downtrend day, beware.
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EMA20 now is the bear's last chance for 2nd leg down.
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Revisiting the previous low, let's see whether bulls can make a double bottom here.
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I'll be away from the desk, no guarantee any updates before the market closes. For now bulls are trying to make a stand, hard to say whether they could make it or not.
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