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In support area, let's see the past aggressive dip buyers are still willing to buy.
Gap down below yesterday's low so could be a trend day either up or down.
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SPY 15. Down from the close of 417.94, but the market seems calm, even as the world goes crazy. Crazy is the new norm. Pandemic. Shootings. Authoritarians. Climate. Intolerance. Lies. Conspiracies. But the market is calm; all is good. So far.
Charts posted are not recommendations. They are just a sharing of information.
The Labor Department's JOLTS report the measure of job opportunities and labor turnover is out at 10 a.m. ET, with economists expecting it to show 7.5 million job openings as of the end of March. That would be up from the 7.4 million openings seen at the end of February.
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If the current rebound fails, then it'd be a downtrend day.
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ES intraday, Bears earned one more sell rip coupon, but it's way oversold now. bulls will fight back hard here, will see what the next sell brings I am not as bearish now.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
It's the bear's last stand here. Maybe a little pullback but probably it means it's just a range day.
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"Big Tech and top chipmakers have formed a new lobbying group that is seeking government chip manufacturing subsidies.
POTUS "has previously asked Congress to provide $50 billion of federal money.
That makes me vomit. After making their $billions/trillions, the techs and chip makers now want a government bailout.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
If you look at profile, without overnight trading 4170 was gaped down over it. looks to me there is unresolved business up there. NOT sure on this one just mumbling, but if bulls can rebound to there it will not surprise me at all.
My comments are for entertainment/educational purpose only. NOT a trade advice.
spy traversed down to the bottom of the box, and is now attempting to bounce
that’s classic Box theory … if the bounce can hold... the next move tests the top of the box again
30m
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