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myfix
Sep 22, 2020 2:45 AM

A long term log scale analysis of SPX Long

S&P 500SP

Description

A support/resistance line in yellow is shown on the chart . Right now its acting as support and is being tested. I do believe there would be a bounce back from this support however the ceiling is not too far away.

Comment

Ceiling still holding for now. The market is going to gather strength under it before it blows through.
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