Overnight lows immediately neutralized the required retest of Fri’s 6524 oversold RSIs. Globex’s subsequent 6483 low doesn’t qualify as a trend extreme so its retest isn’t required. The deciding factor…
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The timing of Thu’s late headline had crowded out countertrend sponsorship and allowed its surge to extend. Buyers gained no traction for the effort whose upper-end held its test of…
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Overnight’s bounce held its test of Fri’s 6686 actual gap-fill, that Wed’s slide had barely acknowledged. Exiting Thu’s 1st-15 back in positive territory above 6677 would be likely to duplicate…
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Tue’s opening surge quickly lost momentum because it was the tail end of a 65-point rally that had emerged from overnight’s initial dip. The session-long pullback wasn’t bearish. It corrected…
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NVDA’s late-afternoon headline had crowded out Mon’s pent-up buying pressure that had been threatening an organic break higher. Overnight’s lower lows may have neutralized the reversal’s artificial catalyst, and created…
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Fri’s two failed bullish setups nevertheless suggest their 6783 9:45 print will be retraced at some point. Not as required unfinished business. Nevertheless, Globex’s recovery to probe above Fri’s noon…
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Globex’s bounce back above Thu’s close disqualifies its session from producing two more bearish halves, which would have been four in a row. That setup would have likely produced a…
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The vulnerability to not isolating Wed’s break under Fri’s 6780 lower prior highs is already obvious from the overnight slide. Not recovering by noon could have been rectified by a…
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Tue’s P.M. slide bounced about 20 points from each of two candidates for its low, first at 6798 and then at 6781. But the timing of afternoon headlines that triggered…
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