we are at support area, so hopefully a rebound of some kind here but overall, it should be 2 legged pullback.
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biggest bar plus volume surge, so hopefully a rebound here. usually the rebound shall fail.
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Still a little short.
Yesterday was not nearly as bearish as it could have been.
Technical damage was done but not so much that it couldn't be remedied.
My technical composite signal remained long. It could whipsaw back to sell this week or not.
My Summation Index signal is short.
The volume yesterday was moderate. Rushing for the exit did not happen.
Perhaps the most bearish thing to me was the step change in VIX.
I generally view 19+ as cautionary/bear territory, and we went right to the borderland yesterday.
So, while there are signs that Mr. Market may want to head south, he hasn't made up his mind yet.
Perhaps we'll know more at today's close with Apple and all.
It is just a feeling, but with a Bradley Turn Date coming at the end of the week, I think he'll be making up his mind soon.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
why USDJPY down with market in general, similar to AUDJPY? shouldn't USDJPY goes up with USD is rising? Is JPY appreciating even faster? this is hard to understand.