No video today. Risks remain high, defense wins the game.
The Qs have found support at the prior resistance level (which had added significance due to it being the location of the 50 DMA) and the market is back above the 5DMA. This action is encouraging for the bulls and now holding above the 5DMA will be important for continued optimism.
I love children. They do not prattle of yesterday; their interests are all of today and the tomorrows.~Richard Mansfield
tomorrow (Wednesday August 27) at NOON EASTERN here is the LINK to attend. The event will not require a password and it will not be recorded. There will be a brief Q&A at the end of the session and we will will not go longer than 30 minutes. Hope you can make it!
Here is a HIGH RESOLUTION VIDEO DOWNLOAD for today.
becomes POTENTIAL support and the Qs are now approaching the 46.10 level which has been important over the last seven weeks. It is hard to imagine a catastrophic failure at this level, but the market loves to do the unexpected. The trend is lower, control risk.
A fractal is generally “a rough or fragmented geometric shape that can be subdivided in parts, each of which is (at least approximately) a reduced-size copy of the whole,” a property called self-similarity. The term was coined by Benoît Mandelbrot in 1975 and was derived from the Latin fractus meaning “broken” or “fractured”…..From Wikipedia Notice … Read More
Reading is to the mind what exercise is to the body. As by one, health is preserved, strengthened and invigorated; by the other, virtue (which is health of the mind) is kept alive, cherished and confirmed.~Addison
The uploader at mybloop is down so there is no hi res version available today.
Buyers have not shown up today and the market is struggling to hold above the lows from last week. Failure to hold 46.40 should put a test of prior resistance into play.