Small gap down, within Friday's range, plus it's day right after the Friday's Major Accumulation Day, so more likely the gap will be filled.
The Global ES looks like a breakdown of a bigger rising wedge then rebound to back test the wedge forming a small rising wedge, so for now not looking pretty. Too early to call bull or bear though, not looking good doesn't mean he's not a good man after all, both good looking and good man like me is rare.
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morning guys.. seems like most traders were looking at the symmetrical triangle in the spx so maybe we first get some throwback or even breakdown below the triangle and then a powerful move the other way? ( most likely during the after hours ) .. just my guess for this week.
it looks like the bears are in control of the FX market. the C&H that i was afraid of looks like it's broken down. the handle should retrace no more than 1/3rd of the depth of the cup (around 1.3680). i think any break below 1.36 and the bears can breath a sigh of relief.
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Good morning,
Here is a study of the Euro and it's relationship to SPX over the past 4 months. Today, the Euro has fallen back into a channel that it started to break out of on Friday.
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Swing to Intermediate SPX Analysis - multiple time frame - Daily & 60 min time and price cycle analysis.
Usually trade SSO / SDS
Goodmorning everyone, the DAX is down almost 1% and continues to sell off, I'm not getting too bullish just yet. Great stuff from Cobra's "getting started",
Al Brooks' Setup:
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