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NQ Bears Take Back November Gains

by PivotBoss in PivotBoss Commentary

Despite the recent run of weakness, the NQ remains within a major bull market, and pullbacks of this magnitude start becoming buying opportunities for new highs down the road. The first major buying opportunity could be seen very soon, but more selling pressure will likely be seen first. [...]

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  • Trader Jargon and Terminology Absorption: Occurs when aggressive market participations enter the market, but price doesn’t budge, indicating larger timeframe passive [...]

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