6/27 – under pressure. Coiled Spring

After hrs selling pushed the SPY down hard on Tuesday. It continues on Wednesday. Today requires some shuffling of positions. I think there should be some sort of retracement up today. That would fit the pattern of the past year. Fed mtg is making for interesting mkt action today.

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6/21 – Nervous bulls, stalking bears

The markets bounced back after a down draft this morning. Yesterdays 21 pt down move on the SP was stunned the players looking for a cup and handle formation over the time. The morning rebound has shown a piercing pattern up, and the next 15 minute bar is strong. With heavy volume. Is the selling done?

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