Time to declare victory again!
Once the Dow took out my target, and all we saw from there was profit taking.
China led the rally as expected, with $YANG losing 12%
Rally in #Chinese #Stocks rally, leaves 3X china bears licking their wounds $YINN vs $YANG @DirexionLETFs pic.twitter.com/0YL5TU4pet
— Veteran Market Timer (@3Xtraders) October 7, 2021
Looks like a engineered short squeeze on one of my $SPX charts, which is located in the public charts area.
$SPX broke out, at the open. Consolidate into the weekend, and then spike the ball on Monday. Chart is located in the public charts area #StocksCharts pic.twitter.com/6lMj4RVa0X
— Veteran Market Timer (@3Xtraders) October 7, 2021
We finally saw some profit taking in the heavily manipulated, and perpetually rigged financial sector, and if the Fed delays tapering, I would expect to see investors run for the exits. I'll believe the tapering story when I see it.
$XLF Financials sold
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Wouldn't it be helpful to investors when financials are rallying, for that to be reported, rather than what sound like record losses, and China fear porn?
What about the fact that Europe has led the selling, and is now leading the rebound? Check the moving averages on the $DAX and you'll see exactly what I'm talking about, and I have some far out theories on why it is US markets, and German markets track so closely together, probably going all the way back to Nazi Germany. Manipulating markets isn't rocket science, but check out "Operation Paperclip". Fact Check: Nazi Scientists Were Brought To Work For The US. Through Operation Paperclip usatoday
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Market Wise
I think there's a good chance we're off to the races here, at least for a little while, minus maybe a little gap fill.
I did spot the $VIX climbing back above st support on a 10 min chart. Tweeted that going into yesterday's close.
Could #backfill the gap in the morning. Seeing the $VIX gaining some traction here, as it climbs back into the pattern. Nothing to be too concerned with pic.twitter.com/xcHS6j9M58
— Veteran Market Timer (@3Xtraders) October 7, 2021
Maybe we see another Monday morning shakeout? This seems to be the manipulator's MO.
Have a great weekend,
AA
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