** Prep for Closing Session **
MARKET CONDITIONS
SPY - Strong down move happened after releasing of economic indexes. After that the market has consolidated. Expect the market to remain in. If we take the 155 level back into the POC I would become a little bullish, but that is unlikely, buyers will need a lot of volume for this move. The most likely scenario is for the SPY to remain inside the 154.70 | 154.25 | 153.75 range. If we break down 153.75 and hold, then the close might be controlled by the bears.
Bias: Neutral bearish
Accuracy: 30%. Market was stronger than anticipated. It was able to slowly go above the 155, but there is not enough time left to see if it will hold. Have to wait until tomorrow´s session.
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Updated at 13:30
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Read this before using the information provided in this page:
- Educational purpose material only. Use this information at your own risk
- Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.
- The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.
- The morning sheet will be updated between 8:00 and 9:00
- The afternoon sheet will be updated between 13:00 and 14:00
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