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I mentioned on twitter yesterday afternoon that the positive divergence that was absent at Tuesday’s lows was very much present at Wednesday’s lows. 60min buy signals have fixed on ES and NQ and a rally looks good here, though if bulls lose VWAP at 2093.5 this morning then we might retest the overnight lows. ES Dec 60min chart:
First off, congratulations to the Chicago Cubs for their remarkable victory. This is literally the first time in my life I turned on a baseball program, and I guess I picked a good one. What a game! I see a lot of Slopers had fun last night in the comments section watching it too.
Second, I’m pleased to see crude oil’s little rally last night accomplish just one thing: to give the broken trendline a peck on the cheek before turning downward again. Wouldn’t it be magical if support was now solid resistance?
