hmm, a perfect channel. this is a bull flag so far but the question is whether the pullback is over?
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I see dead people...sorry...a Leading Diagonal. Could be 1, could be A of an ABC retrace. Never know. However if the 2nd wave turns into a triangle then it is definitely an ABC retrace to the upside.
Al_Dente wrote:
But boss they r not ratios
They are just inverted vixes ….. with the inversion symbol $ONE: in front of the vixie
Looks like a moot point as 1/vix produces a profile that is identical to SPY/VIX.
I am a little troubled by this observation as I get a similar profile with many different numerators!
This is also true if I use VIX or any other VIXIE in the denominator.
See you later as I will be gone for few hours.
Happy trading!
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TradingJackal wrote:I see dead people...sorry...a Leading Diagonal. Could be 1, could be A of an ABC retrace. Never know. However if the 2nd wave turns into a triangle then it is definitely an ABC retrace to the upside.
This count is dead. Lower low. Three push downs so far from the ES top this morning.
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rebound as expected, now let's see if bulls can show some strength here, key time. a strong rebound then the low might be in today.
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lunch time, will be back. I'm still neutral, hard to call.
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