Thought Exercise.....
Updated
Did bears just take a dive?
One could, or would, usually say that after an onslaught of steady bullish buying, bears finally gave up and covered to close yesterday. But looking at the technical levels and behavior, it seems too perfect today. Is it possible that bears pushed the price up on purpose past all resistances and now, at this price point, there are no more bulls? That would be an interesting turn of events...
One could, or would, usually say that after an onslaught of steady bullish buying, bears finally gave up and covered to close yesterday. But looking at the technical levels and behavior, it seems too perfect today. Is it possible that bears pushed the price up on purpose past all resistances and now, at this price point, there are no more bulls? That would be an interesting turn of events...
Note
nope, nevermind, never happened before (backtesting) we'll be afloat in the nearterm
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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