LINEAR REGRESSION CURVE: Today's ES gap-down open, combined with a markedly improved market breadth (as compared to yesterday), created a bullish divergence environment. This is especially true since yesterday's market breadth put in a multi-day low. The 100-period LRC (aka Linear Regression Average) then proved to be good support after reversing upward. $ES #ES #ES_F $SPY #SPY $SPX #SPX #AlgoTrading #SystemTrading #SystematicTrading #StrategyTrading #TechnicalAnalysis
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