50 More Earnings Th...
Open Question
Where do you all see this market mood bottoming around??
hedge funds probably arent all in....
traders are on vacation....
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The market's in an ever tighter trading range that simply hasn't resolved. More
people, if numbers of opinions count, expect a test at 875-880 before a bounce,
not knowing if that bounce will be sustainable.
This past week had an historical upside bias, easier to maintain because of
lighter volume.
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Dont fight the new trend. Which is lower.
It used to be higher until that stopped working.
Now its lower. It will grind sideways sucking in weak hands and they will sell.
The grinding will give way to a selloff at which point it is time to reenter
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