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Online Share Trading

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Just a bit of caution

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Not applicable
US SPX500 futures are touching a support line on the 1Hr chart with a possible right shoulder forming. If support and the neckline breaks, we might see a bit of a pullback.
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10 REPLIES 10
jack12
Super Contributor
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Not applicable
Just holding support at the moment.
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jack12
Super Contributor
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Not applicable
Yes, sideways on the 1Hr. Lower highs on the 5min, and we'll see if it will make a lower low. Bloomberg reported that SA is in a recession first time in 17 years!
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MoMo01
Frequent Contributor
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Not applicable
Stubborn I tell ya, stubborn.
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Not applicable
Freakin US in happy mood after the long weekend...
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gamma_spike
Frequent Contributor
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SimonPB
Valued Contributor
US consumer confidence was 54.9 vs expected 42.0 and previous 39.2 ..
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Not applicable
That is a bit of a problem with bear markets - it takes a helluva long time for confidence to build up again. Read Seapea's post several months ago, he was a floor trader with first hand experience in crashes. Some shares took 5 years to recover
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