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Flat open, so any gap will be filled.
The Global ES had a lower high overnight, so we need watch the thick blue line below, breakdown would be small bearish. However since the pattern is small, therefore even indeed breakdown, the pullback might not be large so I don't see it as a real threat to bulls yet.
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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)
DAX looks good. Could be Bull Flag or Base and breakout pattern in the forming.
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Cobra wrote:DAX looks good. Could be Bull Flag or Base and breakout pattern in the forming.
Cobra, today I agree with your DAX comment But note that the rising rate of the € might hurt the DAX, so I'm not playing the long side. And of course all markets are lingering beneath strong resistance. I'm very careful with longs here, DAX and SPX...
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Agree, US market is closed on monday...best time for a gap down imo
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)
It´s classic pattern folks, weakness power hour gap down on tuesday
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)