It has been so long since the market has had even a 10% correction that the notion of a major index or sector making a meaningful lower high seems arcane, given all of the V-shaped rallies to new all-time highs.
Call me old-fashioned, or just plain old, but if the financial sector ETF cannot surpass $22.16 then the 30-minute chart below, stretching back several weeks, could easily be putting in a lower higher before another pullback. Of course, how this resolves is key for my Citi short.
Stay tuned for my video market recap after the bell…
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LONG a little Uranium into the Close !
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Denison Mines
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Signed up for 12631 today!
Great to hear. Thank you, zook!
It shall surpass it and MOAR Chess! 😉
Said the lulled, complacent, heavily long bull haha!