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if SPY doesnt hit the upper bb by mid march, itll be longer then 60 days since it did that. thats only happened once in the history of SPY....the 2008 meltdown....so....yah...odds are really in my favor.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
sorry, i was wrong fooled by strong rebound. now testing yesterday's low again, I'm neutral until decisive breakdown.
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another 100% mm. may see rebound 1st after this current red bar i think.
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Mid to Long term on SPY is no go, this is second time on this peak. one more positive RSI divergence to save the bull but it should start fast, for now, gap down is at a higher bit.
It is what it is, Peace!
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Yeah the pop I looked for came
last night at the daily yen dump. May rinse and repeat as the Ponzi can't afford 2% inflation, the Fed's despo and the market knows it. Better they fly at night now. But if Dec 18th WAS the blow off top, you better have a stop around 200.
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‘the petrodollar is our currency and our problem’....Gappy