Looks like the handle may be turning its way back up. Though I wouldn't be so convinced unless we break through 27000 on the djia and it sticks.So what do you think?
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Looks like the handle may be turning its way back up. Though I wouldn't be so convinced unless we break through 27000 on the djia and it sticks.So what do you think?
Must have been Spidey sense "Gap Fill"::worried:Are we building support on the 100 day? I don't know but we are hanging near the bottom of the channel than the top of the channel. Need to think about what Spidey might be thinking::blink:
Testing my 50/100 Days from below as resistance. We can still embed tomorrow to the down side::suspicious:No. Not seeing strength after gap fill::worried: JMO
I'm calling this a failed cup and handle pattern because we went below the center of the cup. 70/30 We embed to the downside. Will my 200 Day hold as a bottom?:worried:Testing my 50/100 Days from below as resistance. We can still embed tomorrow to the down side::suspicious:
According to Ira Epstein it can embed.I don't know if the VIX can technically embed. Maybe VIX will top out at the top of the midterm::notrust: