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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59638)	8/7/2024 1:56:29 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69261

Index Update Part 2 I had to step away for a few moments. Russell 2000 long term sell signal did not confirm. Financials intermediate sell signal did not confirm. It never did a long term sell signal setup. Gold below the previous high but above the next support level. It seems to be going sideways for now and waiting for a catalyst to the give it direction for the next move. No idea if that is up or down. Energy long term sell signal confirmed. Rally today did not negate it. Consumer discretionary long term sell signal confirmed yesterday. Today's rally did not negate it. Will some major indices are avoiding long term sell signals Many are still on long term sell signal or still have a negative bias. There is nothing to get too excited about right now except for the short term rally. The over sentiment is still negative but potentially starting the health. It normally takes weeks or months to repair the psychology of traders. Most people have a fox hole mentally now and are long for the next landmine.