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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: humble1	3/22/2018 3:19:14 AM
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A Shooting Star? A SS is one of my favorite candles in the proper context and yesterday we had Event Context. A perceived dovish Fed held to three hikes this year; the market popped; then it pooped into a red close. I say "perceived" because the economy is weaker than believed, much weaker. Three down retail sales readings in a row, a debt loaded consumer, a trade war in progress, and uncertainties created by a deleveraging China do not sound positive. No hike was needed and no future hikes should have been promised. However, given expectations, the announcement warranted a solid up-up-up-and-away day. The failure to print one produced a H1 Continuation Sell Signal.

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