Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I like how the down move stopped with the 1% hesitation point. Not too impressed with the low volume drift up afterwards and surprised with the end of day drop: Might be back to the monthly doji.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Today's move kind of surprised me. Already at the 1% hesitation point from the bounce. It may be a bull trap: Still have a 40/60 chance of going back to the top of the white channel. I do believe like last time this is too fast and will be rejected by above resistance. 60/40 chance of moving down to the bottom yellow line again: What? Oh yes I've been wrong before. That's why I use percentages. Nobody really knows but I like the odds.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
That pennant looks like a minature of the NASDAQ from Tom's market comments...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
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