indeed it's a range day. Leg theory doesn't work well in those kind of days.
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wait to see if we have the last minutes selling again today. Happened 2 days in a row, the 3rd time might be the charm.
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10 min to go, so far no sign of sell off like the past 2 days...
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well, guess that's it for today. Friday has been very very bullish, up 8 weeks in a row. It's a half day trading which means thin volume therefore no big guys would sell into this kind of volume so most likely it'd be up, making up Friday 9 weeks in a row. Enjoy your Turkey guys!
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I borrowed a chart from Cobra's list to show something I noticed. I cannot reproduce this chart because I don't know what settings he used for his bollinger bands. Apologies in advance if he doesn't want people modifying his charts.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23