Just saw the SPY jump to 150.00 then back down to 154.88 all in two seconds time. Usually when the market starts shenanigans like that there is more volatility to come and thus more downside.
targets on either side. right now the 2nd rebound up still is possible until new low, so cannot be much help here but wait.
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KeiZai wrote:One more low and we are done? Likely :/
So now is the key time, bounce or new highs coming?
just a bounce
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.