- BP still getting hit hard...might test old lows
- nat gas jumping strong after pullback friday
- some stocks got very big reversal candle cbs, vlo, ip, amln
- resistance not technical in most charts...
- resistance comes above breakout of 2x bottom necklines or trendline therefore i think the pullback intraday is a headfake that will not result to much
- many comfirmed buy signals in earlier scan are now unconfirmed
- dia + spx are right at resistance...i had no idea that 2x bottom resistance was right here...looks bearish and like this pullback intraday might be a strong indicator that the uptrend will be over very soon
- selloff eod??
but still no signs that its bearish yet...only side stage in worse case right now- still bullish til see more confirmations...
- despite resistance, maybe this time, it will get broken successfully...maybe tomorrow on a huge breakout?
- bullish divergence in index chart oscillators pointing to possible successful breakout
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