Let's quickly go over the index charts and see where exactly we are in this choppy mess from hell we have been going thru all this week. I have been trying my best to keep trades at a minimum and cut losing trades asap or use tight stops. Thus far, the consolidation to resolve overbought is working out exactly how the bulls would want it. I am expecting a move to happen soon, i am giving the edge to the bulls here and think we "might" see a rally attempt soon. We shall see.....
attached are 30 and 60 minute charts of various indexes i track.
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