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Now the Fed Got a Problem with Tapering


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#21 redfoliage2

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Posted 14 October 2021 - 09:40 AM

Now let's see if SPX can regain the 50 dma 4436 in the next few days to mark the end of the correction .................



#22 redfoliage2

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Posted 15 October 2021 - 10:03 AM

Now the market is in overbought conditions.  I'd not be surprised if we see a pullback soon..............



#23 redfoliage2

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Posted 15 October 2021 - 10:56 AM

The SPX 50 dma at 4437 may be back-tested early next week ..............



#24 redfoliage2

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Posted 15 October 2021 - 02:10 PM

The SPX 50 dma at 4437 may be back-tested early next week ..............

A successful back-test on SPX 50 dma is needed to confirm this move up is for real, not just OpEx related .................
 


Edited by redfoliage2, 15 October 2021 - 02:12 PM.


#25 redfoliage2

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Posted 20 October 2021 - 11:09 AM

Now the major stock indices are very close to a swing top ...................


Edited by redfoliage2, 20 October 2021 - 11:11 AM.


#26 redfoliage2

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Posted 20 October 2021 - 12:20 PM

I see the swing top is highly likely in the region of SPX 4550 - 4585 in the next few days......................



#27 redfoliage2

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Posted 20 October 2021 - 01:06 PM

I see the swing top is highly likely in the region of SPX 4550 - 4585 in the next few days......................

But I do expect boyz to make a higher high over 4550 .....................



#28 redfoliage2

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Posted Today, 01:18 PM

If bulls can have SPX to close above 4550 today the current up-swing is extended to 4620 ............


Edited by redfoliage2, Today, 01:20 PM.