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$NYFANG - Chart Link - here you go
Guys here seem mostly bullish for stocks. When looking at this
chart: biggest pullback since start of the rally, so looking for a
lower high!?! a-b-c- correction up could or better should end soon,
and then more downside...... we'll see
zwyss - well we go with the flow, the flow has been uptrend
since last Thursday we trade what's in front of us.
Yes all the indexes had the largest pullbacks in their uptrends
since March. Technically FANG did form a lower high in mid Sept on
that bounce, so symmetry could have already played out. FANG also
basically bounced off it's 50 day MA 4 times over the last month
and now has retraced over 50% of the decline, maybe today it will
tag the 61.8 Fib
Or could this be a more complex type correction with a rally
forming a larger B lower high eventually yes that's possible too?
It could or under a very bullish case could an abc already have
been completed, see chart. We trade what's in front of us and the
trend has been up since the SPY system went long on Thursday and
the indexes rallied out of those divergent lows on the 60 and 2hr
Yes many valid options (as always) so best to project, monitor
and adjust in accordance with one's views/plan.
thanks vm, can you or Matt also post a KISS chart for AAPL too.
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