Market Analysis and Trades for 12/5
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The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 11/30
I’m going to share a trade from today for studying purpose as a similar concept likely comes into play tomorrow:
Note the diminishing sell response after intraday supply is cleared in the 560s, the hold of 542-547 and ultimate resolution to 584 and then 598-604.
A fresh picture for clarity:
Much of tomorrow’s trade may be similar. Good luck tomorrow
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