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michaeldobfx
Apr 27, 2020 10:59 AM

Double top forming on the S&P500? Next support line 2700 Short

CME_MINI:ES1!240
E-mini S&P 500 FuturesCME

Description

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Chart shows a possible double top forming after the strong relief rally we saw after the crash in March. I think it is possible that if 2850-2900 level becomes resisted again, then the index could fall to the next major support level of 2700.
Support and ResistanceDouble Top or BottomTechnical AnalysisSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)Double TopCoronavirus (COVID-19)
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