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Out of Bounds wrote:Rollover but in perspective, not much of one so far
Out of Bounds, what is the reason for your preference for using $ADUSD instead of $ADD? Thanks!
I use both but prefer $ADUSD because it incorporates more of the market. If a segment that is underrepresented by the NYSE (like technology or small caps) begins to erode or advance, $ADUSD will pick it up before the rest of the market moves in sympathy.
SPX 60m.. tags upper channel.. for the uber bear.. look for a steep decline into next week IF SPX cannot stay above 20w SMA .. lower target 2090
taking short position … in some OTM SPY P and VXX C
NO, I am not 'just looking for opinion validation'. I think this chart really nails some of what I have been flapping my gums about. The Saudis are very very good at this game and use Reuters and Bloomberg like a violin.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.