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3 push up then double top so a pullback is due? Roller coaster show at 2 pm, don't forget.
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Probably breakdown is more likely instead of a double bottom here as it looks more like a descending triangle.
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Chart for the road: on the interest rate decision day like today, it's time to review your bond and interest rate holy grill charts. with this chart I have here, all are well, $SPX:$UST ratio chart, bulls has no worries until a bearish crossed. for now future is bright we need to wear shads.......
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Possible double bottom. The problem is, only 13 min to roller coaster show so may not up much, would still in a range.
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Well, I was taking a nap then I saw this bar so now I grabbed a bag of popcorn and sit in front of the screen, I mean screenssss.
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Pre Fed media was all sure thing they will cut, have no choice. Well that didn't end well. Powell saying serious dissent for the first time. Betting odds on a December cut are dropping .
Back in the day Forbes had all their columnists do an annual forecast. I remember Ken Fisher writing that they looked at all the major Wall Street forecasts first because none of them were ever right. Bob Farrel has one of his 10 rules talking about when everyone agrees on what will happen, the market will do something else. Ha Ha
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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.