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Status Replies posted by DollarBill

  1. SPY conditions as of Jan 9th, 2018.  The market has retraced 50% to the 257-258 level with yesterday creating a daily doji candle.  Appears to me the 262 area will be interesting as it is the daily 50 SMA and 61.8% retracement. 


    1. DollarBill


      SPY retraced to 280 and consolidated here from the last three days after the fed chair Powell made  "market accommodating" comments two weeks ago.

      The British Brexit is still a mess.

      Trade tariffs between China are pending to increase if talks fail.  China extended an olive branch by affirming purchasing of commodity goods like soybean, rice, and other raw materials.  

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