In just 30 minutes , they wiped out almost all of Fridays hard fought gains.
By mentioning 126 bars as important today, that inferred a lower trading day today.
90 bars cycle @ 11:30am
126 bars @ 2:30 pm
Polarity turned negative after being positive from jan 12 to Jan 31, even tho the major low ocurred on jan 22/23. During the positive period, there was ONE dip in the middle of the duration right at Jan 23rd., then immediately bounced back to positive. - thus the end of month rally.
Ive found the Polarity Main power lines generally remain either pos or neg for about 13 to 15 days with interim bounces or dips which only last 1 to 3 days looking like a saw tooth.
Still expecting any low set today to be be offset by the first hour high of Feb6th. which in the main stream of events mean nothing other than a good short opp.
Jay
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