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We're in a bullish phase (swing), but with a limitation imposed by SPX weekly, which does not seriously break its upper Bollinger except for a blow-off top. I've drawn in a candle for next week, showing a maximum high of around 1800.
This week's limit is not shown, but would be around 1785. So there's hardly any room on the upside unless we do a blow-off.
RedKite wrote:We're in a bullish phase (swing), but with a limitation imposed by SPX weekly, which does not seriously break its upper Bollinger except for a blow-off top. I've drawn in a candle for next week, showing a maximum high of around 1800.
The attachment SP 1114.png is no longer available
This week's limit is not shown, but would be around 1785. So there's hardly any room on the upside unless we do a blow-off.
thanks red! here is some eye candy, this morning Nyhg was leading ADV, good sign for a LT bull market (this was prior today's open)
I/T, me thinks we need some downside before new weekly highs will hold
<;)
"It requires, obviously, some luck and some good policy."
forgot to say, 2nd chance for h1. means a little better chance than the original h1.
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Damn good possibility we could see a big sell signal if we open above the daily BB tomorrow and close back inside... conversely if we open below the VIX lower and close back inside.. huge sell. Something to watch for (in the coming day(s)).
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