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Yesterday's push got everything back to buy the dip up to the daily time frames, only weekly sell the rip left.
market wants to go up, when bad news is good news the counter trend move will have to be at high alert. looks like my first move today will be a sell this peak and will buy the new high if it comes. new HOD will be my pivot to trade today that is the plan, now lets move the market higher
My comments are for entertainment/educational purpose only. NOT a trade advice.
breakout signal
buy at or near open signal=2613.75
EO&NTA
I got fib extension at 2622 also, interest number.
Interesting.
on breakout days -like today is est to be - I don't really have a good number.
2623.25 is the computer "breakout" level and once it crosses that then it is
"no shorting allowed and buy dips" idea
Educational only and not trading advice (EO&NTA) Good trading to all
If Senator Grassley heads for an open mike again today, the first downside test is of course 2607 then a re-test of 2600.
Nice overnight pop as the media says the PBoC had a record injection of cash into the system prepping the markets for the Lunar New Year. Also it seems the current government is continuing to do what governments always want to do and that is control everything. Good luck with ever increasing central economic planning. At least it is a clear signal that the second largest economy is in serious trouble (major infrastructure improvements announced).