26 replies to this topic

[redfoliage2]

It's back testing yesterday's  breakout from the ST down trend.  Likely a VST consolidation then higher .................

Edited by redfoliage2, 25 February 2021 - 10:20 AM.

[redfoliage2]

House to vote the stimulus bill tomorrow:

https://www.usatoday...ion/4575627001/

 

This dip is likely to be bought later today  .....................

Edited by redfoliage2, 25 February 2021 - 11:05 AM.

[redfoliage2]

After yesterday's big gains we need a consolidation today for the market to move further higher tomorrow.  After the stimulus bill is passed it's estimated that 170 blns of fresh money will flow into the market...................

Edited by redfoliage2, 25 February 2021 - 11:35 AM.

[redfoliage2]

The culprit is the bond yields.  Let's see if the Fed will act tomorrow to get the bond yields under control .................

Edited by redfoliage2, 25 February 2021 - 01:14 PM.

[redfoliage2]

It looks that the operators wanted a double bottom ....................

Edited by redfoliage2, 26 February 2021 - 11:23 AM.

[redfoliage2]

It looks that the operators wanted a double bottom ....................

It looks here today ...................

[redfoliage2]

As this end of month re-balance selling is getting to the end I bet a rally next week ...............