Internals such as MMTW and NH/NL remains resillient despite narrow range session within the major indexes. Continual ranging sessions will be welcoming and healthy.
SaaS group continues its leadership at start of the week. Some signs of pullback in crypto related names will be imminent from their parabolic blow off characteristics as observed in their group $BITW, $WGMI. They have doubled in mere two weeks.
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18/1/2023 Market Diary & Playbook
– $MMTW & NH/NL remains strong despite narrow session. Continual ranging sessions will be healthy
– SaaS and Crypto related grps continue leading
– Take note of parabolic blow off characteristics in $BITW and $WGMI group, +100% in just 2 weeks pic.twitter.com/H9lcnwomEa— Jeff Sun, CFTe (@jeffsuntrading) January 18, 2023
