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Re: None

Thursday, 07/30/2020 11:49:27 AM

Thursday, July 30, 2020 11:49:27 AM

Post# of 386899
SPY overshot 323 projection as support to 320 and rallying. Two possibilities include my original, long held, hypothesis of 1) up till tomorrow, then decline towards August 6th Hurst low, or 2) Decline has started and bad earnings will shoot market further down.

August 6th is a 20 week low and not insignificant, stated before.

There's a third possibility that today was an early Hurst 20 week low, which must be considered as the market has been so incredibly bullish. I have this quirky indicator I jerry-rigged that has reset itself to oversold on breadth during the last couple of weeks and is starting to turn up.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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