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Repuzel

S&P broken upchannel suggests we'll go lower

Short
S&P 500 Index (SP:SPX)  
Repuzel Updated   
SP:SPX   S&P 500 Index
Chart Patterns Beyond Technical Analysis S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) spyshort
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chartpattern beyondta spx500 spy spyshort
Depending how you define this decade long upchannel, we are likely to see a move towards $1555 region. Possibly by June.
Comment:
It's funny to see that we are still within this channel as March closed inside of it and April pushed us to the middle of it. Monthly close below 2,550 will bring further sell pressure.
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