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Tic Toc Trading's avatar

RE: the question what I mean by offered below.. my response below.

As an example - if my level is 3810 and we trade down to 3809, I will consider that offered down below 3810. Now dependent on time of day, type of session, volatility of session, we can see moves above or below these levels all the time. I will always confirm these offered below or bid above with tools I have shared like TICK for instance. If we offered below 3810 but we cannot hold any intraday time frame below it, then I will say the move was a fake out. Like what happened today at 3800.

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Sanjay X's avatar

Tic, how do you expect the market to play out over the coming months? You suggested a few weeks ago that 3666-3700 may be a formidable support for the rest of the year and that S&P500 may be cut in half within a year or so. Would love to hear your views!

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