5min intraday timeframe, SPY and QQQ are below the 20period MA for the first time since they crossed above yest afternoon.
An excellent low-risk place to put in a feeler short, with a natural stop just above the earlier high of the morning. (Should one be bearishly inclined.)
Daniel wrote:Quite an odd little flashcrash there in the Brazil stock market. Caused perturbation in all broad Latin Am funds, as well as EWZ and the Bovespa Index.
Brazil presidential candidate presumed dead in plane crash
Daniel wrote:Quite an odd little flashcrash there in the Brazil stock market. Caused perturbation in all broad Latin Am funds, as well as EWZ and the Bovespa Index.
Brazil presidential candidate presumed dead in plane crash
thx
Price recovered rapidly. Perhaps "presumed" turned out to be rumored? (Otherwise why the sharp reversal to near prior price levels...)
Daniel wrote:Quite an odd little flashcrash there in the Brazil stock market. Caused perturbation in all broad Latin Am funds, as well as EWZ and the Bovespa Index.
Brazil presidential candidate presumed dead in plane crash
thx
Price recovered rapidly. Perhaps "presumed" turned out to be rumored? (Otherwise why the sharp reversal to near prior price levels...)
He did not have a chance of getting elected anyways, so they probably realized there was no reason to sell.
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MrMiyagi wrote:What, no "consolidation is good for Bulls" post Cobra
consolidation not always favors bulls, a prior strong uptrend leading to the pattern is a must.
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breakout, hopefully it's for real. tinted area the target. don't ask me exact number, every time I have bunch of guys asking me exact numbers which is just a rough idea, not science.
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Cobra wrote:breakout, hopefully it's for real. tinted area the target.
Do you have an exact number?
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failed breakout, as long as the lower blue line holds, bulls are fine.
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