Before Open 11/29/2022
No new long swing positions until further notice!
Besides Biotech no higher beta industry could withstand the pullback of SPY 0.00%↑ with strength today.
I will wait for the next breath thrust (+higher beta industries showing relative strength!), where the RS Line is clearly above the channel which is not the case right now! —>
Further we had a some ugly reversals, here some examples:
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