Boss if u would PM me a link to that one (very cool), I will be eternally grateful, and I will give u some lunch; we are roasting hot dogs out back today
Thx
hot dogs.png
eh uh after tricked me into the fake porn site this weekend.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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This is a very negative outlook, so it should be taken in context with the current market, which has seen every dip bought...
But, so far we have seen XIV stay within this channel for quite some time. I can count 5 waves up so far for a potential (C) wave. If this is correct then an ABC down would make sense before we were to head up again..
The question is what would happen if we fall below channel support, which is also where the 200 ma is, and the last time price fell below the 200 ma, we saw serious selling... but that also happened from a lower high on the SPX...so will be keeping an eye on this channel...
THAT’S what trin 0.58 is saying right now
the bulk of the volume is flowing into the few ADVANCING stocks, and they appear to be the dow stocks…
bears need that to shift…..and soon....else…
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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rebound as expected, looks strong may invalidate my guess. wait.
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