On my hourly of the XJO, I have a really lovely down trend channel since the top at 4976.4. Yesterday it picked up the bottom perfectly. Probably have another go at it today but at this stage I am expecting it to hold. Looks like an ABC down from the top in April. As always though, perhaps I am wrong which is why I always set very strict limits but like buying on days when there is a lot of negativity around.
daytrades may 5 pre-market, page-28
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