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Beijing playing good cop bad cop before the US open. FT 71 saying hey it's Monday, don't expect much. Very possible that overnight move up and down was the highlight of the day.
ON low heavily underpinned with buy orders at ES 3112.50, 12.75 and 13. Clear message for right now there is a floor under this market.
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not good, the blue line below won't hold another test.
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double bottom? 51% chances. I don't expect big up today so will treat it as a range day no matter up or down from here.
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potus tweet few minutes ago:
"Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discused including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.