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Cooper's Soup Nazi indicator: test of 2789 recovery high may fail


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#1 dTraderB

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Posted 12 March 2018 - 08:47 PM

Jeff Cooper thinks there could be a failure of the test of the 2789 recovery high and a trip back to the 200ma. Basically, the markets   closed lower today after making a new intra and now we have to see whether the market will drop below the lower triangle line.  

 

------   Jeff reviews the recent breakout in the SPX and introduces 2 of his favorite trading patterns. The Soup Nazi and the "Pinocchio." Jeff makes a bold call that today's failed test may ignite a move lower to the 200 sma! 

https://www.t3live.c...ating-seinfeld/



#2 da_cheif

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Posted 12 March 2018 - 10:10 PM

Jeff Cooper thinks there could be a failure of the test of the 2789 recovery high and a trip back to the 200ma. Basically, the markets   closed lower today after making a new intra and now we have to see whether the market will drop below the lower triangle line.  

 

------   Jeff reviews the recent breakout in the SPX and introduces 2 of his favorite trading patterns. The Soup Nazi and the "Pinocchio." Jeff makes a bold call that today's failed test may ignite a move lower to the 200 sma! 

https://www.t3live.c...ating-seinfeld/

just more proof that being bearish is easy....anybody can do it......how many times in the last 9 years have we seen this



#3 Douglas

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Posted 13 March 2018 - 02:53 AM

This looks a lot like the Turtle Soup Trading Strategy by Linda Raschke which can be seen at https://fbs.com/analytics/tips/turtle-soup-trading-strategy-cooked%E2%80%9D-by-l-raschke-1159 .

 

Regards,

Douglas