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Stocks opened lower but they are not as weak as it seems. The SPY is still in a trading range in the 60 min charts, therefore a bounce up bounce down is to be expected. With the 60 min 200 MA below the SPY, we have some confidence that a flash drop won't happen yet.
I update stuff earlier in the Telegram Group. The link is https://t.me/joinchat/AAAAAD7zlt6PytPzhsIA0A . You will need to copy and paste it and have a Telegram Messenger. Something like a Whatsapp but allow more people.
Below are the charts that I have put.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.
Dec 07, 20 10:04 AM
Despite mainstream media reports of a Biden win, Donald Trump is still contesting the election results.