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Category: Wrap

Closing WRAP
Fri’s session left little to the imagination. Its gap up served by proxy to gain traction for buyers that had stopped at resistance through Thu’s close. And two consecutive sessions…
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Closing WRAP
Wed’s drop had been constructive to forming a bottom by isolating intraday sellers under 7831, but its close only recovered TO 7843 resistance, instead of higher to gain traction for…
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Closing WRAP
Wed’s initial collapse had opportunities either to end the recovery, or to refuel it. And we still don’t know which. Its immediate, abrupt, and violent beginning extended down through the…
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Closing WRAP
Tue’s early rally was the likely follow-through to Mon’s relentless uptrend. Already rallying relentlessly overnight and then surging into and out of the open had no difficulty attracting reinforcements for…
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Closing WRAP
Globex’s sideways setup was ignited by at Mon’s open. Its relentless intraday rally was as much a reaction to the prior window’s pent-up sponsorship, as it was an attraction to…
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Closing WRAP
Fri’s narrow afternoon range behaved exactly as Friday Factors suggest pre-weekend behavior to be, albeit among the narrower versions. Despite hovering exclusively in positive territory, the afternoon range’s upper-end was…
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Closing WRAP
The ongoing series of lower lows and lower highs remains intact through Thu’s close, the downtrend remains intact. A setup developed that is similar to Tue’s fresh intraday lows, whose…
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Closing WRAP
And to reiterate previous comments, pretty much every imaginable favorable catalyst has come and gone in the last 48 hours, having limited upside impact and even less downside protection. While…
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Closing WRAP
Tue’s P.M. window headlines were a combination of pro-AI and falling crude oil prices. In other words, two of the most bullish catalysts that could end the ongoing pullback, if…
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