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Generally the pullback will be bought, there's another push up before a top can be possible, generally.
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ES 5 minutes. Downwards action this morning. Beneath the Pivot. Getting some scalps in, while the market is relatively quiet, and somewhat directional.
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Consolidation, breakdown is a little more likely which if indeed then it's an early sign of a downtrend day.
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U.S. stock indexes were trading sharply lower Wednesday, led by retailers whose quarterly results confirmed higher costs for fuel and wages are eating into profits, while hawkish comments from Federal Reserve Chairman Jerome Powell late Tuesday suggested interest costs are likely to rise further also.
All 11 main industry groups in the S&P 500 index were lower, with consumer stocks leading the retreat.
Away from desktop for next while. Later ... "Let's be careful out there."
Charts posted are not recommendations. They are just a sharing of information.
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