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Stuck in the Middle With You 7/25/22

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From the intraday trading perspective, that's where we are. Firmly rangebound between 3935 and 4012. The ES 24 hour futures are trading midrange of that at 8 AM in New York.

3-5 day cycle indicators are neutral. They're due for an upturn today, so I expect a rally later today that should result in at least a test of last week's high. 

ylmp7

 

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36 minutes ago, Jorma said:

While we wait does anyone want to hear my Chuck Norris jokes?

Make my day. 

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Now you have a higher high on the double head, and a higher high on the right shoulder. In the 12 years of QE, that was never bearish. Not once. 

Now??? 

 

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