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SPX battle for the weekly candle close. A close near/ above SPX 20d 2077 would make the weekly lean bullish, here or lower than not so much. Under 50d SPX 2054, then 200d should come quick 2013ish.
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SPX pre-open.. opening near flat 2060ish.. mind the possible invs H&S.. 5m target 2085ish. Would be a possible bull flag daily break, which could cause sharp up move.
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Is Coppock at 0 now? Since when? I thought as of end of April it was still -1 or something? And the market has been down since?
Tight bolly can mean the move in either direction. Right?
Thanks.
gappy wrote:4 hour. Bottom diamond pinch @ the cloud/23.6. Tight bolly/Coppock 0 bounce. Buckle up next week.
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Front run bird watching today. Vote Cobra. glta
Nikman, that's 0 Coppock on the 4 hour USD/JPY chart. On daily spy it went negative on Cinco de Mayo (may 5). Yes sir, tight bolly means it is "coiling" for a good move , yes, up OR down. Lots of data being reported next week. And G7 meets the week after.
‘the petrodollar is our currency and our problem’....Gappy