A tool seller on twitter (HFC Alerts) saying the big boys who have been shorting for two weeks started covering this morning.
Tick Toc saying on his free reports that he expected the same thing to happen. He also said he expected recent weak longs to get out. His line in the sand for bulls is 4650
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The very first test of EMA20 in 2+ hours usually is a sell, watch for for EMA short setup. The only problem is the market closes at 1pm
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flrtrader wrote:Cobra, It seems it is a 90% thing that a big red bar (Always) continues at least a few days. Is that the case?
Thx
It's now a major distribution day yet (Need the final data after 6 pm though). Even it were, it only means lower low ahead, doesn't mean several more days of selling.
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