Market Analysis and Trades for 12/8
Some Solid (A) Potential Setups
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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 12/7
Friday flashed a bit of a warning sign, and coming from a major area of interest my guard is up a bit. The warning sign was more of an intermediate warning sign, but it never hurts to be cautious on rips. Recently we have continued to see rips sold, yet constructive dips are bought. As long as sellers are content to sell off the highs and not sell down through lows, bulls will broadly remain in control.
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