Down 1 week, then next week has 60% chances to close up.
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SPY daily. Strong bear bar. Pullback to the EMA 20. Hard to breathe the air up there. Descend to get oxygen. More downs? Who knows? But the bulls will keep on buying, until they get smacked even harder.
Charts posted are not recommendations. They are just a sharing of information.
$AAII Bull - $AAII Bear down a notch, no extremes.
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Al Brooks comments are not clear, my understanding is more likely it's another minor reversal but be on watch of strong reversal setup: Either strong consecutive bear bars or a weak retest of the high. In short he's in wait and see mode like I do. We both agree at certain point there should be a big pullback but hard to pin exactly when until "very late". I know "very late" is unless for trading, the actual trading should calculate the risk reward ratio, cannot simply wait for a confirmation after a confirmation, this is beyond the scope of my comments here so won't blah blah anymore.
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