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May 42, 2020 Survey- How Many Days in May?


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ES Daily continuous, reflecting September contract price at present, broken into eighths (aqua colored lines) from Feb high to March low. The pattern since the March low has basically been 3/8 up, 1/8 down 3 different times to make the 7/8 move up. Moves down off a 7/8 line (87.5%) tend to be fastest. We are at an interesting point already this morning after the most recent 3/8 move up. Now what--bloodbath, or just another blip? 

 

 

Screen Shot 2020-06-11 at 6.31.35 AM.png

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6 minutes ago, Jorma said:

So what's the deal?  I don't see any reason given for the selloff. They always have a reason.

Maybe it's just "time". 🙂

I suppose Crapvision wouldn't have much of a raison d'etre  if the reason given for a selloff was "there were more sellers than buyers today" . . . 

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