sp'daily5
Summary
Well..its starting to get pretty decisive.
Weekly charts are back to outright bearish...and 1580/70s..are back on the table.
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For the swing traders out there..now its either a case of chase it lower..or trying to catch/short the next intra-day bounce.
Hourly charts are showing one hell of a crazy failure...
MACD Cycle might be leveling out though by 11am..if the bulls can battle back into the mid 1650s.
10.06am.. what a damn annoying situation this is.
Market swings 20pts..and now what?
Chase it lower, knowing that very likely going to get head ripped off on any bounce..or sit back and watch it collapse into the weekend?
10.12am.. floor spike on the 15min ?
Regardless, I think we close <1650..and if thats the case, the weekly charts remain on SELL.
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I remain on the sidelines, but seeking a major re-short...later today..on the first intra-day bounce
10.48am... fiercely nasty ramp....awful !
What a gods damn mess this morning is.
Clearly, market ramping on 'WW3 going to end better than expected'