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Categories:Gold / Gold Stocks
9:22am- Feel wrung out yet?! Easier to trade an index ETF. For example, SPY made a reversal harami candlestick yesterday. The stop goes under Thursday"s low. Best case is a sideways flag, breakout to 440. Worst case, maybe a further bounce 50-62% of the downdraft and then sell to a lower pivot low, perhaps 397. On the other hand (lol), there is major Fib confluence near 402 for support. See SPY daily chart. It"s a most challenging time to trade. Have stopped out on 80% of my holdings and some of the stops were painfully wide. Have not stopped out of VIIIX (large caps) and added the chart inside this list (50-200-day with histogram pivot low buy signals). Talk about an environment of stops getting hit, followed by a rip upwards. Will update this list once I get my own personal charts in order plus weekend newsletter research for ideas. Always busy at Thirdeyeopentrades!!
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