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dRends35
Nov 30, 2022 11:43 PM
SPX - 200MA Whipsaw ?
Short
SP:SPX
1D
S&P 500
SP
Description
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Nov 30, 2022 11:43 PM
Wild whipsaw with SPX having an enormous post Powell pump.
And it has now tagged the 200MA yet again that has been a resistance point throughout this bear market.
Structure is an ascending channel and good chance this will whipsaw back soon enough to print a blow off top.
Not advice.
Trend Analysis
Comments
InvestMate
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Dec 1, 2022 8:07 PM
I agree!
Tradersweekly
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Dec 1, 2022 2:48 PM
Thanks for the post.
Solldy
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Dec 1, 2022 8:36 AM
Such a scenario is possible and cannot be completely ignored, BUT recently the trades have changed a bit, so it's worth thinking about a plan in case of a change in the trend.
dRends35
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Dec 1, 2022 12:48 PM
@Solldy
, You're a spammer
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