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But First, A Pullback- 11/6/20

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At 6:30 AM in New York, the ES fucutures have spent the overnight hours pulling back, reaching key support at 3460. That also happens to be the 5 day cycle downside projection. 

What happens next depends on whether this support level and target holds. 

Click to engorge.

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So will it hold? Odds favor it because it's also the site of the rising 60 hour moving average, which tends to be the site of a bounce on the first touch. Then I'd look for a rally to the top of the channel, now at 3492, dropping to 3486 by 10 AM in New York. Assuming it gets there, that should be the point at which we find out whether the bulls are still in charge.  

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I'm od enough to remember when they said that the market had a minicrash because it was worried about a Biden victory.  

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Well it doesn't look too worried about it now. BWAHAHAHAHAHAHAHAHAHA

BWAHAHAHAHAHAHAHAHAHA

BWAHAHAHAHAHAHAHAHAHA

BWAHAHAHAHAHAHAHAHAHA

But will it double top now that everyone is all bulled up on Biden.

Click to engorge. 

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12 minutes ago, DrStool said:

I'm od enough to remember when they said that the market had a minicrash because it was worried about a Biden victory.  

od........?  😀

Old, Odd, Over Dose, P'od

Oculus Dexter

or better yet, a hypothetical power once thought to pervade nature and account for various phenomena, such as magnetism.

>: Back to the squirrels for me.......It is Friday......

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