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BobbySpa
Dec 6, 2019 4:54 PM

SPX - Runaway Bull! 

S&P 500SP

Description

This fifteen minute chart is a follow-up to yesterday's ideas. The 3103 level that held yesterday morning was very bullish. Try as it may yesterday 3118 to 3120 was containing the full retracement until the jobs number this morning. We blew thru 3136, 3144 and made it to 3150. As you can see the report has put us in euphoria land. For how long I'm not sure but we are still overbought and weekly indicators still have to play out to the downside. It seem like the inevitable is being pushed off for a little while but when the correction comes it should be deep and fast.
Comments
MEGALO1
Hey Bobby, I believe the dates of 13/12/19 and 16/12/19 will be key to a conformation indicator of a (((KEY))) reversal we sellers will be looking for in the markets.((( What you say Bobby ???)))
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