I read the pullback as the higher low (or slightly lower low) revisit of the day low which usually is a part of a bottom process, unless it decisively breaks the day low.
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posted Wed May 29, 2019 12:08 pm
Some are calling this a H&S on SPY
If so, it is testing a breakdown right now at the neckline
If so, the target is ROUGHLY SPY 260
[add: or ROUGHLY 2600 on SPX]
Call this a busted H&S or a busted double-bottom, the target is nearly the same.
Daily
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
“Harvard-Affiliated Hedge Fund to Shut Down” https://www.thecrimson.com/article/2019 ... am-sq-cap/
zh is reporting this like it’s new; they often don’t mention any delay in their articles… that’s fine…. JUST DATE YOUR ARTICLES, please
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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The last couple of weeks he has added a short segment on Bookmap software every morning. The tool itself is not a cheep rent and it requires an expensive data feed. But Morad trades by selling a bunch of contracts at once then scaling out of his position so he really needs to know where, as he says, there is something to push against.
Many mornings there is nothing unusual. But when there is a disturbance in the force (like today) it does provide Jedi level incite.
Barley and Hops are a big ag business here in the inter-mountain west (western slope of the Rockies to the east slope of the Cascades) and we havn't been flooded out. Another major export from this area is dry beans.
I don't need to remind you how the rural areas of Washington, Oregon, Idaho, Montana, Wyoming and Utah voted.
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the 3rd test of the day low, now breakdown is more likely.
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RAMP EXPRESS No sign of it so far. Set up is there, we are within 5 to 9 points of VWAP which is just below opening print and we are close to the lows of the day. So my guess is the big move up an hour ago was it. That was 8 points in 4 minutes ending at VWAP Opening print.
Tick based charts provide a different geometry for trend lines. Helps to frame the daily pattern. Sorry about all my comments to myself cluttering things up.
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