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Several attempts of pullback already (red arrows), eventually there'll be one winner. Not sure whether it's this one though but the more attempts the better chances so the current one has better chances than all the previous ones.
Gap down within the range of yesterday so probably just a range day.
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Free Education Seminar
Hey, I got an e-mail that I thought others may be interested in.Futures Trader 71 presenter at his Convergent Trading paid service.
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Key Components for Setups in Volume Profiling
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My measured move up failed big time, this is looking like a set up for a range day to digest the overnight move. I am assuming we will see new highs Sunday night with a gap and go Monday open, as that has been a favorite market move.
After all stimulus money is most likely to enter at all time highs. Just ask Bob Farrell (public tends to buy the most at tops...)
The pullback means at the best for bulls it's a range day today.
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Testing day high, consolidation here first would be bullish. Breakout directly, not sure it will hold or not.
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The power that be will not allow this market to correct as overbought as it is. This time honey hole s not giving up easy, will see, I am going at it as soon as it shows weakness.
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My comments are for entertainment/educational purpose only. NOT a trade advice.