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TradingSig
Jan 23, 2019 11:07 AM

SPX (S&P 500), Daily Chart Analysis Jan 23 

S&P 500SP

Description

Technical Analysis and Outlook
Currently, we have completed Index Rally 2674 as of Jan 18. In near-term, on the downside, there is intermediate Mean Support 2578 as the 1st phase of the Leg 7. The second phase of the Leg 7, holds Mean Support 2450. On the upside, we have a significant 90% developed Key Resistance 2670. (For latest Market Commentary, please visit the TradingSig_dot_com).
Comments
bipscoin
Looking at the close today, seems leg 7 is out the window. The market just wants to go up like 2018 it seems
gvoommen
Very interesting
TradingSig
@gvoommen, Yes, indeed, we view the markets in a very unconventional way.
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