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Double top or not, wait and see. It could be a broadening top with partial decline before the breakout.
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BullBear52x wrote: ↑Fri Apr 26, 2024 9:50 am
Gap play intraday, stockcharts.com having problem on annotate. no chart.
Yeah, I have the same problem, cannot annotate.
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BullBear52x wrote: ↑Fri Apr 26, 2024 9:50 am
Gap play intraday, stockcharts.com having problem on annotate. no chart.
Now annotation is fine.
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Last week everybody and their dog was predicting a dead kitty bounce to around 5150 because earnings would be great for Mag 7.
So far those who are paying cash back to shareholders are rewarded and those who are buying tons of Nvidia chips are punished. But everyone still calling for Nvidia to push market to new highs.
So I will continue to be a day trader and not do position trades until I see the market react to Nvidia and the Fed meeting.
Early weekend post. IF Nvidia delivers yet another 100 point jolt it only gets us to the top of the range for a retracement. Starting to see this showing up on X as in "great opportunity to short if you missed the last one".
People who publish wave counts are in total disagreement as to where we are.
Reminds me that if you had every economist lay down in a circle around the world they would all point in different directions
Have a great weekend and be ready for Janet's funding plan for the Treasury on Monday.
Intraday: new swing high, it is bullish bias, see red line, bulls need to close above to maintain a positive price action, if not it will be negative.same playbook.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Internals: Bullish bias, as you can see the buying pressure on last Friday was good until now. if you didn't buy in there you are just missing out, Hahaha, after the fact. just don't miss out the next buy setup. Peace.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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This 2nd breakout of the blue line has better chances to hold, at least this bull shall have legs.
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