SML is the S&P 600 small caps
EOD as of yesterday’s close, probably recovered today ... we'll see
Only 14% are above their 50ma [yesterday], that’s the lowest its been all year. Sure it could go to 1, but it’s in the turn zone
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Bulls are relentless intraday, swing sell setup still not trigger and under 5 DMA, bulls are not out of the woods just jet. one more sell coupon as ugly as it may look for bears today, but to have RSI above 70 all the way to new high none stop is less than .000001% chance. the pull back may not be much but it will be a pull back once RSI drops below 70.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
The very first test of EMA20 in 2+ hours usually is buy, watch for EMA buy setup.
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