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Strategies & Market Trends : Humble1 and Swing Trading Friends

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techtrader73
To: techtrader73 who wrote (41043)11/12/2025 10:26:01 AM
From: bob_o1 Recommendation   of 41190
 
I have a couple of investment friends that I used to work with. I replied to an e-mail from one of them this morning at 8:26...

We did get a decent rally off of last Friday’s low, so now we’ll have to see if it’s able to continue. For today, if the S&P futures hold, it would put the open around the upper end of your supply zone. If we start down from an early high, then I think a selloff could continue down to as low as the 6730-ish gap fill. If that holds, then a rally to higher highs is certainly possible. That 6730-6750 area should be a safe bet for a long play with a stop not much above that entry point if a bounce does start. A break below that area would be very negative, and any break below last Friday’s low at any point could project a drop down to the upper 6200’s.
As you noted, breadth and volume have been less than impressive. And with the recent multiple Hindenburg Omen signals on both the NYSE and the NASDAQ, it seems like a move to higher highs would have to be yet another “ignore everything and just buy!” rally.


Looking good so far at 10:26.
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