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Touch the blue line above again then breakout would be more likely as the line has been tested many times.
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Breakout as expected. Possible double bottom so the low might be in.
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Very oversold, 89% of SPX issues are under 20 DMA and $NYMO reading of -100.81 as of closed of yesterday. I still don't see a good intraday buying in. things that makes you go Hmmmmm
My comments are for entertainment/educational purpose only. NOT a trade advice.
IWM (smallies) is suppose to provide all time high tail wind for SPX, this doesn't look good, tomorrow or by end of week I want to see IWM trades back above the bottom red line, if not, we are in trouble. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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