One of the bully values of Twitter is the mightiness to comment on the marketplace inward existent fourth dimension (follow comments here). Here is the comment from before this morning:
9:55 AM CT - Note that recent ES lows non confirmed past times NQ as well as Russell; thirteen stks upwards from open, 27 dn. Bk l8r today.
In a solid trending move, sectors as well as indexes volition by as well as large deed inward unison. When nosotros meet multiple non-confirmations, y'all accept to wonder if the deed to novel highs or lows genuinely reflects wide marketplace sentiment.
Note what has happened since those lows inward ES that were non confirmed past times the other major indexes. We've seen a retracement of much of the morning's weakness.
This is why it is crucial to non alone meet what is happening inward the marketplace you're trading, simply what is happening to a greater extent than broadly inward the stock market--and fifty-fifty alongside other property classes. Much of the value of marketplace "setups" depends upon the context inward which they occur.
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