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Possible bull flag. The blue line above has been tested many times, so unlikely to hold another test if bulls can make it.
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SPX .. possible resistance right here.. watch for a "fake" break / bull trap on the cyan ascending wedge bottom right.. otherwise... upper trends. And as per usual.. mind Fri AM gap + 20d/50d
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Report saying China smartphone market shrunk for first time….. ever, probably. But stock was stretched and dig it: Apple was up every Monday/First day of trading week in 2015, except one. Yeah, up 14 of 15 in 2015 until last week. I think the pattern has played out. But what do I know?
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.