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rebound as expected. always give bulls more credit, not fair but it's reality.
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swing bull most likely over. 1945 seems a bridge too far for bull without much intraday momentum. the best scenario for bull to break 1945 is to consolidate around HOD till the end, and hope for tomorrow big gap up. well, unless yesterday afternoon once more.
we reached 61 consecutive days without approaching the upper bollinger band. But the upper bb is rapidly falling and SPY will need an immediate drop or the upper bb will approach price and end this run. Price has gone nowhere for about 3 weeks (just some high volatility), allowing this setup. My expectation is this is an ABC correction (since most are). We could have entered wave C down. Perhaps a retest of the lows is next. Wave C is an attempt to double bottom but it could stop short or exceed it. The focus will be to try to pinpoint where wave C down ends because that's likely the big run.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
brokebybernanke, here a time signal on the 1 min SPX. Of course signals on the 1 min are much more precise than those on the daily or weekly Signals on the 1 min might be off by a few minutes, on the 60 min by an hour, on the daily by a few hours.
uempel wrote:brokebybernanke, here a time signal on the 1 min SPX. Of course signals on the 1 min are much more precise than those on the daily or weekly Signals on the 1 min might be off by a few minutes, on the 60 min by an hour, on the daily by a few hours.