Friday, October 08, 2021 4:38:47 PM
Okay so we got the head fake down to .4998 area I've been talking about... Check!
We had a beautiful close! Nice little hammer reversal daily candle today on bigger volume than the day before. Anytime you get a low come in below the day before but Close above the Close of the day before...it's ripe for a reversal. Again...we took care of business down South taking out the .4998 gap and bounced perfectly off the 50 day EMA. Today should turn into a higher low vs the 9/20 low at .4833..... It's all good!!!
The way we finished we are ripe for a gap up opening come Monday (the stock market does trade on Monday but not the bond market). Will see if any news comes out for the catalyst. Enjoy this weekend!! Good things coming me thinks!!
"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -
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