Just a general outlook of how I see SPX500 moving from here. If you believe in levitation please share your chart, I'll be interested.
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The two bullish spikes that we just had this month look more like deviations from the Mean rather than a new direction of travel.
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Good probability here that the divergence is about to become a reliable signal. More likely to work rather than not.
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Update on 1 hr
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and this (4 hr chart)
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update on my 1 hr feat from above
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friend's reminedr: take profits gradually at fib levels and/or pivots - don't fall in love with the fall, lol
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This is where the shorts got trapped yesterday, so I'm covering about 30% of my shorts here, leaving the rest for a multi-day swing position.
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retest trend line likely, SPY 15 min
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To start with, I expect a full retrace of this entire FOMC hysteria, where it started in the morning on 3/14.
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I'm seeing many signals in favor of a short swing position. If you hedge your propositions properly you can't loose. Patience.
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