Fed Fakeout Bull Trap Lol

Updated
We've now returned to below the downtrend fractal right in line with where we were Pre-Fed Nothing Burger.

Curtains being pulled away.
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If SMA 55 holds, we'll see a reversal here, otherwise trade the breakout...
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Buy power holding strong...
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Engulfing candle, hold for reversal confirm...
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EMA 5 holding strong.
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Mostly indecisive here but we're stretched to the upside...
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Over on the 5m selling pressure holding on and momentum slowing here but lookout for a continuation move too...
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Continuation lookin good here...
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Shifting back to sell pressure...
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Got a clean break up along with sell pressure reversal...
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Sell pressure trying to takeover again...
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Selling pressure picking up steam...
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My have bounced off SMA 144, buy pressure trying to gain control...
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Got clean breakout confirm for another sweet ride...
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After another clear indecision point we got another clean breakout with increasing buy pressure support...
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Just gotta ride it up till reversal signals start flashing.
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What a move...
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Look at that clear, solid reversal and sustained selling pressure, delicious...
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Trying to reverse but more continuation could be in store...
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Watch for the reversal, may just settle into close too...
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What a runup...
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SMA 55 break could be a great Sell confirm Monday.
Chart PatternsFundamental AnalysisSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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