From Coolbiz-
"SPX took out 2812.43, bullish outlook is on hold now. Next retrace up determines if a major correction is starting or the bull trend will continue?"
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This is an ugly mess. Volume profile says market is clueless about what a fair price should be.
My personal opinion is all the buybacks (which were illegal) are like an auctioneer putting shills in the crowd. If they get too aggressive the crowd smells a rat. Not saying Tim Cook is a rat but I am saying his (and he is a proxy for all those execs) motivation is totally different from what an investor wants. Totally disagree with Warren Buffet on this.
1st test of ema20 in 2+ hours, watch for sell setup.
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not sure if it's the higher low because the initial rebound was not strong. need see more bars which means I may have missed the low of course.
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