rebound indeed, so far looks like a bear flag, but I'm too scared to say the bias is down, so wait.
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joegamma has an interesting thread here: viewtopic.php?f=11&t=954
Again, don't forget out Investor's Lounge.
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edit:
on that ISEE chart I just posted
I just noticed that the last blue spike like that (calls) was 21 May, the day before the 22 May "key reversal day"
FWIW
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
SPY continues to straddle the 15min period 200ema, is now below the 20MA. Leading sectors are in transportation and housing/RE; weak ones in the emerging markets and financials...
Al_Dente wrote:edit:
on that ISEE chart I just posted
I just noticed that the last blue spike like that (calls) was 21 May, the day before the 22 May "key reversal day"
FWIW
here is to looking for a short squeeze this afternoon bringing R2K back toward 9900/25 area,
if BKX and XLF stop going down...at least TRAN holding up okay
<;)
"It requires, obviously, some luck and some good policy."
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