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Re: March Options Exercised and Abandoned
The 8 exp.MA Is about to cross below the 20 simple MA,thus generating a daily sell signal, which could move the market lower towards the 9855 low in KCH9 or 10195 in KCK9.The market could stay in the same consolidation longer, but unable to move higher than both of those MA's.
Low weekly cycle within the weeks ending Feb 8th and 15th.This present weekly cycle is of short duration.