so far still looks like a small bear flag testing multiple resistances.
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key time. any time testing the previous extremes, it's key time. bears need show strength here. a decisive breakdown would make a happy snake.
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stockcycle wrote:Seems SPX is in consolidation before revisiting the high. I think yesterday's low was a good chance to add longs as Cobra's TA indicated. Anyway adding longs now is not too late. Would like to call your attention to: CIEN and NPSP.
what are you seeing on those two charts stockcycle? i always like your calls...
just taking a quick look on hourlies, they both look like potential shorts...or is my mind too bearishly biased right now? lol
I look at EUR/USD, DAX and SPX 1minute. The downward pressure takes long time with less result...May be I am too bullish
Just some things to point out. Nasdaq Composite has open gaps at 2,512, 2,587, and 2,625. Naz up 0.7% while Semiconductor Index down 0.5%. Maybe market needs some rest.
Cobra wrote:key time. any time testing the previous extremes, it's key time. bears need show strength here. a decisive breakdown would make a happy snake.