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That's definitely going to impact whatever the chart is doing at that time. I have a feeling most companies are going to spill all the bad news they can think of to get it out there and over with, so expectations will be low for the rest of the year.
I totally agree. I am still expecting some sort of retest of the low. Just not sure when. Haha. GL.
I think the S&P is at the bottom of the range of 2585 to 2625 where it's testing the bottom of the old range/box/rectangle where it traded much of last year.
I think the S&P is at the bottom of the range of 2585 to 2625 where it's testing the bottom of the old range/box/rectangle where it traded much of last year.
Sounds like you think we are staying in a range and not breaking to new highs just yet on this bounce?
Sounds like you think we are staying in a range and not breaking to new highs just yet on this bounce?
I have another system that's hit an extreme yesterday that exceeds the December 3 high. So I think we're in the area where it runs a little higher, just like it did in late December when it fell further after extremes at the other end were reached.
I have another system that's hit an extreme yesterday that exceeds the December 3 high. So I think we're in the area where it runs a little higher, just like it did in late December when it fell further after extremes at the other end were reached.
Ok, thanks. Seems like we all seem to think this is going higher first. Probably a warning sign. Lol.
Like I said yesterday not comfortable at all with the price action past few sessions. I believe there is much greater risk than potential reward based on SPY chart. Almost feel this is a no brainer but will look for verification of a failed rally to take out and hold yesterdays intraday high before going short with tight stop.
Like I said yesterday not comfortable at all with the price action past few sessions. I believe there is much greater risk than potential reward based on SPY chart. Almost feel this is a no brainer but will look for verification of a failed rally to take out and hold yesterdays intraday high before going short with tight stop.
Like I said yesterday not comfortable at all with the price action past few sessions. I believe there is much greater risk than potential reward based on SPY chart. Almost feel this is a no brainer but will look for verification of a failed rally to take out and hold yesterdays intraday high before going short with tight stop.
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