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The initial breakout failed as always, now trying the 2nd time, if made the breakout then likely it'd be for real.
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This bear shall have legs and it's a downtrend day so far.
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Swing buy setup: new buy triggered, new box, to the moon or to zero this is it. if it fails here it will fail in a grand style. buyers can not relax here, up and up and up only.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
So much for "we will make money next year" saving the market with cheep cars. If promising to buy a bunch of AI chips couldn't keep things moving up then the three big ones reporting today and tomorrow haven't got a chance unless they are actually making more money.
Enough ranting about management trends
Point being we got sucked down to a low volume node. Thinking we just hover between high volume nodes until earnings news breaks.
Maybe the low was in. Sometimes it'll revisit the low a little bit before up and up though (dashed blue lines).
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.