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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Qone0 who wrote (42958)11/12/2021 10:07:34 AM
From: Sun Tzu1 Recommendation

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ajtj99

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In at 16015 (average). Hoping to hold it for the day as I have other work to do. Below are two picture: 15s open, and the 8hr one. The 8hr chart is the one that really matters. The 15s is just to show how program trading is positioning itself. If I show a loss at the end of the day, then the bull bet is off.

With the 8hr chart, you want to note the divergence with MFI at the bottom. We want to see a close above the last + sign and ideally get a 2nd confirmation. And last but not least, I want to see a little green signal going above the white. Green-white-red is the most bullish signal. Right now we have a bias to the upside but not perfect.


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