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fair go, the failure to break through the blue rectangle was crucial for further downside. Now looking for resistance (sellers to step back in) and the most likely area is just before the red 29400 de

That is the 50% retrace for  the Dow and S&P. 

Interesting S&P daily shaping up 👇

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14 hours ago, dmedin said:

Once again we hit the ceiling and fall back down to the ground.

Stick a fork in this goose's a$$ Peregrin Took, it's done.

DJI-Daily.thumb.png.5a8d8a61bdd7ee73c4e4f6ae7797fbb0.png

 

Seems like the time being taken to reach the resistance is falling with each 'wave up', could be a sign it's about to be broken 😻

Each 'surge' above the 20 day SMA represents another rally up and we just had another such surge ...

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7 minutes ago, dmedin said:

Seems like the time being taken to reach the resistance is falling with each 'wave up', could be a sign it's about to be broken 😻

yes, the S&P looks ready to break as well.

image.thumb.png.0e7937e1fa651bb2e8f9647c00690069.png

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30 minutes ago, dmedin said:

Not any more :D

trying for a base at 24400 for a new swing up but just needs a push to get back above the pivot (24483).

needs to challenge Tuesday's high soon or will be forced to look for more support further down.

 

image.thumb.png.4621325b4a298ef6196a07799fd85fc9.png

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10 minutes ago, dmedin said:

Only 34k more unemployment claims than expected!

34k more than the 2.4 million expected and the Philly Fed was only minus 43 (previous minus 56) happy days! 🥳

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