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aussiebear

World Stock Markets Trading Discussion - Aimless adventuring

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This one bounced off the lower trendline. The bots are working overtime. 

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ES daily. I have been watching that MM 4/8 line at 3125 for awhile. Was thinking maybe we touch it sometime next week to top out for a bit, we run out of time, down kinda hard for a week or two, then up into mid to late January for a more meaningful top and decline. 

A touch of 3125 would be a 5/8 move off the Dec low. Markets seem to want to react the first time up to the 4/8 line, and also after 5/8 moves. Probably too much to ask for a drop to the 3/8 line at 2968 before another move up, but if something happens in the impeachment hearings, or Trump tweets something stupid that generates a kerfuffle, I suppose anything is possible. 

Screen Shot 2019-11-14 at 3.31.08 PM.png

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