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Lael Brainard, who speaks for the majority on the FOMC made it clear today that the market is still over priced. Wondering if the institutions are going to keep unloading.
I was thinking that dollar move wasn't sustainable when the wire services said it was because of the DNC suing the Russian high command and the Trump campaign.
Another day in which Tech and Staples are sharing the low end of the perf diffusion pattern. KRE is a strong dog; financials in gen'l are less weak and hence relatively strong.
Looking like, as Ferho suggested, Friday's close is a very real possibility. Even if a little of that gap is left open it will, as has been said, make a really great Doji on the weekly. Even the worst pension fund manager should be able to read that in time for month end re-balancing.
The classic move, after a tag of a downslope upper bollyband, is fully to the mid-band or 20day MA... in the case of SPY that would be about 264. The lower band, as a target, would be ca 257.
Trades with cats wrote:Looking like, as Ferho suggested, Friday's close is a very real possibility. Even if a little of that gap is left open it will, as has been said, make a really great Doji on the weekly. Even the worst pension fund manager should be able to read that in time for month end re-balancing.
Very bearish on daily cpuld be algo descending triangle...
every try to write with the pen?
looks like a very challenged 5 yr old!
Anywho, its still a long way down to the bottom of the giraffe's throat
(that's for the chuckle Al!)
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Educational only and not trading advice (EO&NTA) Good trading to all
still dashed blue arrow can happen and this is why hard to trade on the downside.
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