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It's a revisit of the Friday's low, let's see whether bulls can make a double bottom or higher low reversal.
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Biggest red after being down for awhile so should be a rebound first then we'll see.
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Rebound as expected. Now EMA20 is the bear's last chance to make a 2nd leg down today.
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Reversed cup with handle, so breakdown should be more likely instead of a double bottom here.
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So far, North American equity indices are following their seasonal pattern for the month of December: As indicated in a study released by http://www.EquityClock.com last week, the S&P 500 has a history of recording a small negative return in the first half of December followed by the strongest two week period of the year during the second half of the month.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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We're in an FOMC quiet period which means the only Fed speaker is
NickTimiraos, the "Fed Whisperer" at the WSJ:
'Fed officials have clearly signaled plans to raise rates by 50 basis points at their meeting next week"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.