UPDATE December 18
A quick update to start the week.
I'm looking for a pullback. According to my indicators, it should be shallow, or at least start out that way. On QQQ 402 is the expected low for today, with 408.52 as the high.
Below the mid bollinger, bearish divergences. The trendline is around ~398, I could easily see hitting that this week.
Above the mid bollinger, bollingers are "pinching," meaning a move could be coming. When the bands narrow, energy is being built up, and it tends to explode out the end. The upper expected move is 17000, and the lower expected move is 16735.
That's a big candle with a big wick following a 9 count sell signal (selling is reaching exhaustion). The MACD looks to be bottoming. That's a healthy pullback from nearly reaching 200. I would expect another try at 200.
Above mid bollinger with them "pinching"
Commodities are HOT 🔥
I expect good bounces here.
STEEL 🏗
Don't FOMO, let it relax, and then scoop some 😁
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🇲🇽
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i expect the rally to challenge the highs before retreating. It is a squeeze, so be cautious ⚠️
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Engineer, Commodity Buyer, Alert Bettor,
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Taurus27 : Thank you
icezzz : Thanks for update
BeBlessed : many thanks
71745489 : should I sell then ?
SpyderCall : Iam
I hope all is good with you. What happened to X today? Crazy move!
iamiamOP SpyderCall: Nipping steel buyout offer. I want to see if it gets approved. Nipping is Japanese. I would think the administration would want to keep an American steel company american and would prefer them to sell to CLF.
iamiamOP iamiamOP: Nippon
iamiamOP 71745489: sell what?
SpyderCall iamiamOP: I see it now. Thanks
TennesseeRob iamiamOP: X Not concerned wit shareholders or keeping it american since 1901. They didnt speak with regulators or shareholders before acquisition wit Japan. Also, USAs 2nd largest steel provider offered 7 billion but were refused for Japans 17 billion. Even japan says its overvalued but if they acquire it they will have WORLDS LARGEST SUPPLIER OF METAL/STEEL FOR AUTOMOBILE INDUSTRY. Not to mention the unlimited access that breaches Nat Sec.
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