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Who Would Have Thought Toys R Us Would Be the Next Victim?
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By rosered44
Toys R Us is buried in debt and is preparing to file bankruptcy.
It’s Amazon’s fault because consumers like us would rather buy toys from Amazon than from Toys R Us. Darn! What is wrong with us?
Overview Renko Chart Trading The $SPX reached fresh highs before retracing slightly and closing in the red. The all-time high, which was established during the day before the market reversed, stands at approximately 4,598. The all-time close on the Renko daily chart is 4,572. Because the $SPX is comfortably sitting…
What Happened S&P 500 Futures continued its upward correction from the recent high of 3959. From the all time high of 3959 to the recent low of 3720, 3868 is where the Fibonacci 0.618 level is. The chart below is the SP 500 Hourly Futures chart. In the following Hourly…
Overview SP 500 Futures fell more than 2% today because the CPI numbers shocked the market. The CPI was up 4.2%, which was higher than the 3.6% expected. The more important Core CPI was up 3%, which was higher than the 2.3% expected. The Renko chart technical analysis below was…