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SPX hit the top of the channel, IMO a bear market for the next...

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Newton999

1,418 Posts.

62

23/01/22

22:43

Post #: 59076616
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Originally posted by JethroJ: ↑

I'll be watching obviously, to me futures closing on the low ($SPX and $XJO) of both Day and Weekly TFs signals more down tomorrow/ for the week.

But there is:

1. potential catalysts to justify a "bounce"
2. huge risk both directions from our markets being closed Wednesday
3. if "they" want to move it back up, they will move it back up and there's not much I can do is there lol?

If no more weakness I'll be closing my short (but definitely not jumping into long anything) and it's obviously frustrating having this public holiday having an effect on decision making.

So charts tell me, more down, what will the market actually do? Whatever big money wants.
($BTC bouncing but hasn't made it back over 36500 yet)

Hoping we get another win tomorrow, I'll be on around lunch time.

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SPX hit the top of the channel, IMO a bear market for the next few months

XJO Value at posting: 7,175.8
2 Upvote

0 Great analysis

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