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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: codfish23 who wrote (137581)2/4/2020 4:26:54 AM
From: GROUND ZERO™1 Recommendation

Recommended By
codfish23

  Read Replies (1) | Respond to of 222736
 
Okay, it's already tomorrow, take a look at the futures this morning...

But to be more specific, the chart pattern is bullish...

Here's the $SOX daily chart as of Monday's performance, I bet we already hit bottom...

I fully loaded up the the SOX index and the TQQQ, we're going to ride the high country for this market...



GZ



To: codfish23 who wrote (137581)2/4/2020 4:56:18 AM
From: GROUND ZERO™1 Recommendation

Recommended By
codfish23

  Read Replies (1) | Respond to of 222736
 
I could also add that the $NDX andthe $SPX both have formed a bullish diamond type pattern...

If this formed right at the high, then that would be bearish, but it formed off the high and both have a pole which is more clear for the $NDX... where they occur off the highs, then they become bottoming patterns...

Very simply, they're patterns that mark a turning point with a high degree of reliability...

Both daily charts are below...

The $SPX



The $NDX

The big chart couldn't copy for some odd reason, but here's that pattern with a very clear pole preceding the five day diamond pattern...



GZ