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wallst

Next wave up could break the longer-term descending resistance

wallst Updated   
SP:SPGSKC   None
Trend Analysis Technical Indicators Wave Analysis
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trendanalysis indicator waveanalysis
Remaining in the longer term downward channel, currently overbought. Expect next move down to 90.50 to 91.50. Waiting to see if next wave up can break the downtrend after this decline.
Comment:
at the edge of the downtrend resistance line
Comment:
this "next wave up" is exceeding the previous wave
Comment:
sure enough, look at it go, tighten the stop
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