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Choppy trading this morning after the opening market smackdown. The UUP is still barely contained by its upper red channel line. The VIX has broken above its multi week blue channel. The TLT bond trade has gone a little higher but is having trouble moving up more because in the premarket session (shown in the tiny chart overlayed on the TLT) it got up to 114.40 where many traders no doubt sold because at that 715pm cst 114.40 the TLT was just too close to its upper blue channel line (114.40 premarket high doesn't show on the big TLT chart only the small premarket session chart). At this hour we are still in a bull / bear struggle.
Alan
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