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50% chances of higher low, therefore the low was in.
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IWM is just below the 15min 20ema, QQQ and SPY are testing theirs, from above. FXI (proxy for China deal sentiment) is within its OR-15, and is now testing the high of that range.
I want to see market heading back to 2900ish, if sufficient support there I think we can head up higher from there. will buy at the Daily Lower BB if we ever going to touch that again.
My comments are for entertainment/educational purpose only. NOT a trade advice.
My crystal ball is clouded up with a forest of overlapping, inside and Doji price bars. Looks like outside in trading for scalps should be the program but I do not like that game.
normally I will wait until the over night and cash MA aligned before I can say for sure, not quite align, this make it harder to read. slightly bullish bias atm.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
For now it looks like a boring range day but the bias is up so if bulls can make a strong breakout in the next few bars then still some chances (not high) being an uptrend day.
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