Weekly Pivots retested and possible backtest of wedge here. Getting oversold a bit. $SPY $QQQ $VXX $TLT $DXY
Comment:
The possible island top with a doji yesterday, May 14 wasn't good. However I will keep an eye on this.
Comment:
Notice that we topped out right at Month CAM R4.
Comment:
Similar topping on Month R4 for Russell 2000. The Russell continues to show better strength compared to other rate sensitive indices. Today it is barely down while the DOW dropped 200+ points.
Find the edge.
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Website: www.daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: www.youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: www.paypal.me/mortdiggiddy
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