Chart for the road: $BPSPX is what slow down the bears' move, need a bearish cross to confirm short term down trend. everything is now more bearish than yesterday, TRIN is back > 1. becareful out there. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
so bears were over, the market finally decided that no trade deal is no big deal, we just want to up and up LOL. Kidding but I'm really disappointed in bears as once again it proved that they cannot be trusted.
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Doesn't matter about indicators, internals, earnings none of that counts if the Fed and Goldman's buy back desk throw cash at the market. They play by different rules and have different ways to measure success.
Thought for the evening. Twitter feed said Bespoke uses The Drudge Report as a contrary indicator. Once economic stuff is their headline it means it is fully priced by the market.
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