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brokebybernacke2 wrote:btfd...
fed chair dovey dove annoucement this week...
I would call it dovey continuity
Still PBoC and ECB are in the driver's seat for now.
But I do totally agree the algos will spike the market when the announcement is made.
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It would be interesting to see that chart overlayed with CL price at a close enough timing to see if they move after the price rise to increased their positions.
Educational only and not trading advice (EO&NTA) Good trading to all
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2567 is the 20 day ADR low, as well as being a major trading area. Note the empty profile down to 2560.
Is this 10/25 Deja Vu or will we see something new?
I added a day of week comparative volume to the bottom. Not sure if it helps or not. It does show that so far this is not 10/25 part II.
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Cobra wrote:wow, bad news. this bear may have legs.
As Bloomberg reports, House tax writers are discussing a gradual phase-in for the corporate tax-rate cut that President Donald Trump and Republican leaders want -- a schedule that would have the rate reach 20 percent in 2022, according to a member of the chamber’s tax-writing committee and a person familiar with the discussions.
Under that plan, the rate may be reduced from its current 35 percent rate by three percentage points a year starting in 2018