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ozwald
Nov 22, 2022 7:15 PM

Continuation breakout Long

E-mini S&P 500 FuturesCME

Description

My next target is $4100. I expect we blast through the 200d SMA ($4065) and reclaim the January top anchored VWAP ($4085) before we eventually come back down for the final leg of the bear market.

The green trendline connecting the tops seems like a more likely rejection level but my gut tells me we could move past it to convince the majority of market participants that the bear market is over.
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