whether this is a small double bottom, we'll know soon. kind of key time here.
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no double bottom, continue to slide down, so no comment, not sure what the market is doing. the bigger picture, as I said a moment ago, retest the morning low is very likely not necessarily today and not necessarily lower low though. So whether this is to retest the morning low, we'll have to wait and see.
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For Mid/long term, if you look at the chart from May this year.
I saw LHs and HLs, so trend is not clear. but as long as SMA200 holds on daily chart, I believe Bulls have upper hands.
bouncing from OR high support and Fib 50, not bad, let's see the current bar, any follow through?
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X CLASS SOLAR FLARES: Sunspot 1260 has developed a delta-class magnetic field that harbors energy for powerful X-class solar flares. Such an eruption today would be Earth-directed as the sunspot turns to face our planet. X CLASS FLARES can Cause MARKET CRASHES per THE FED.
Sunspot 1260 is leading a parade of big sunspots across the solar disk--one of the finest displays of solar activity in years. Even the smallest dark cores in these sunspot groups are as wide as planets, and they are crackling with C-class flares. Readers with solar telescopes are encouraged to monitor developments.
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i cant help but think there will be strong selling into the bell who will want to hold over the weekend? clear trend of selling into last hr over last couple weeks, i remember when that was the opposite.
I can not imagine many wanting to be short into the weekend. I would guess anyone that wants to liquidate longs has done so..... at this point it seems to be traders betting back and forth. Could be a huge short covering rally into the close.
Please don't do this again. If everyone's purpose here are to ad their blog or web sites, then I have to make this forum private. Thanks.
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finally the attempt to test the high. the strength will tell us whether the low was in. Let's wait and see.
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