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So Option B.SP500I've marked the 100 day EMA, in lieu of the 20...

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DmitriMA

3,415 Posts.

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20/04/24

08:52

Post #: 73435628
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Originally posted by DmitriMA: ↑

So a spike through the channel, half the gap filled,
and a close just within the channel...

Next session or 2 should be interesting;
either stays within the channel and ignores the rest of the gap,
or falls out of the channel to finish the gap-fill,
OR... a really dramatic day's trading to spike the gap and still close within the channel.

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So Option B.

SP500

I've marked the 100 day EMA, in lieu of the 20 week EMA @ 4960
which was slightly spiked through during last night's session.

And at home yesterday - not quite as tidy,
closing below the 100 day EMA, and 20 week EMA @ 7600...

You could look for an oversold bounce here,
but I'm keeping my spare cash for the moment.
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0 Great analysis

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