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I see rising wedge which has no trading value though, we just know one day it'll have a pullback but all ups will have a pullback eventually anyway. The question is when, the rising wedge doesn't say anything.
Small gap up so likely just a range day, a boring one.
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Defy gravity once again? It was a big surprised last 30 min. action of a trading day. that doesn't change the sell signal on the AD, on top of that the overall AD percentage also went negative. selling to continue. the hold up is for Fed meeting show. will see what today brings.
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Options Gamma is why I am guessing the channel was broken for a bounce back up to 40. In any event starting to look like the bottom could be forming for today.
EMA20 is the very first place where rebound could happen, let's see whether dip buyers are willing to step in here.
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Another chance to rebound is here. Break below the day low with a good looking bear bear then it's a downtrend day but I'll treat it as a range day anyway because it'd be mostly within the yesterday's range.
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AMC is the top-performing stock in America this year, up an astonishing 2,230%. [Forbes]
(or 2,161% per stockcharts …. and GME is up 1,464% YTD per stockcharts)
This affects you and various ETFs that hold AMC/GME et. al.
Example: XRT (retail) in January “managed to have 19.9 per cent of its assets in GME, comfortably ahead of the combined 11.8 per cent weighting of the rest of its top 10 holdings – despite it professing to be an equal-weighted fund.” https://www.ft.com/content/afa3c119-339 ... 19bae31123
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.