@DigitalData, I smell a challenge :). That $50 area got some tough resistance
DigitalData
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@MarketMotion, Not really I think most people look at UBER wrong only looking at the fall which was really SPY not UBER and that to me makes a massive difference in 'buy the dip'. Also could easily just gap it. Here's why. Go back and see where the main trend bounce. Even if it goes down will just rocket off trend again easily ill just scale in. I'm seeing 55ish before any real rejection on a retest maybe 53.50ish.
@MarketMotion, Also OBV, RMI, MACD all showing big signs of reversing not to mention broad desc wedge and it broke downtrend there. But I mean if SPY is shit who knows. I do agree with your initial post though 100%
MarketMotion
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@DigitalData, Agreed, and analysis looks good but like you said with SPY. I think it's on it's final push now before a larger pullback and that GAP down with Uber will probably get filled before any new highs. You may be right on a bigger bounce as that MACD certainly is over extended. GL to you.
DigitalData
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@MarketMotion, Yeah if SPY gets shit on RIP big caps
MarketMotion
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@DigitalData, I still have SPY in the 395 pullback range
DigitalData
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@MarketMotion, Yeah I got out there at the top .43 to .85 contracts ez gain