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Lawrence's Comment Recap ES dropped back to Y-0 as expected. The breakdown scenario also unfolded right after. ES found support after testing the swing low on daily. Closed the week near Y-1 ...READ MORELawrence's Comment Recap Took out Y-1 at the start of the week and recovered. A false breakout of one extreme points to the potential of tagging the other side in ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREOverview Emini overnight range 2071.25 up to 2080.00 (at 9:00 am) Overnight Midpoint 2075.50 Previous Week High 2066.50 Emini S&P is now trading at the bottom part of its range with ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE
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Market Internals 2011-08-18
It is 1 am Eastern Time and the overnight market is down at the moment.
Japan Nikkei is down more than 1%
But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint.
That means a strong rally is coming and the dips should be bought.
The rally should last for 2 to 3 days once it started.
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