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This does not look like a healthy daily chart to me (attached).
Two big red volume days in a row...two big red bars in a row.
They closed firmly below the 200 day moving average today (FROM ABOVE), with absolutely little in the way of resistance.
When was the last time that happened? Why, on a FRIDAY...January 21.
What happened the following Monday?
The S&P plunged 177 points before rallying furiously to close green on January 24.
Will be watching this very closely on Sunday evening / Monday, hoping for a repeat without the comeback.
Last edited by PaceAdvantage; 02-11-2022 at 06:03 PM.
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