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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (10996)11/6/2020 9:00:03 AM
From: The Ox1 Recommendation

Recommended By
ajtj99

  Respond to of 96621
 
It seems pretty clear in hindsight that the rally in the dollar was short covering into the election. I didn't see anyone predicting the instant turn down but if someone did call that, my hat's off to them! The falling dollar is definitely one of the supporting factors to the last few days equity rally.



To: The Ox who wrote (10996)11/6/2020 10:01:18 AM
From: ajtj992 Recommendations

Recommended By
catou1
The Ox

  Read Replies (1) | Respond to of 96621
 
Yesterday's candles were short term exhaustion candlesticks. We're just back-filling a bit and killing a bunch of options at SPY 350.

The rising support line out of last week's lows on the 30-min is still looking like it will get hit around noon. We'll see.


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