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Very strong up swing so the rebound shall have legs.
Gap up above the yesterday's high so likely it's a trend day, either up or down.
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Historical resistance area and the top wedge resistance zone. RSI is a little on the high side. relief rally pull back first before another push higher? intraday is very overbought on /ES
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Breakout with good looking bull bar here then it's an uptrend day. Feels the day will be boring till the close, almost all the up were done, let's see.
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Cobra wrote:Breakout with good looking bull bar here then it's an uptrend day. Feels the day will be boring till the close, almost all the up were done, let's see.
Agree boss, gap up run high and stay flat is common in bull market. this time we are under 50 DMA still, I am not sure if the buyers are really that convincing any more.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Dow 30. Clean sweep for the greens. Stuff is flying off the shelves. Pandemic? Constitutional crisis? Oil spill? Let's go shopping. Let's buy every dayum stock out there. Ha ha.
Charts posted are not recommendations. They are just a sharing of information.
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Don't like this, not suppose to happen in an uptrend day.
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