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Signal_Centre
Sep 21, 2016 7:56 PM

SPX reacts higher after fed and triggers double bottom formation Long

S&P 500 IndexTVC

Description

Bullish engulfing after market reacts positively to Fed minutes after leaving rates unchanged but pointing towards a hike in December. Double bottom formation triggered on a break of the 2163 neckline
Buy a break of 2165
Measured move target 2210
161.8% fib extension at 2230
Stop at 2120

Comment

Breakout from previous triangle is now forming a bullish flag and backs up the buying a break idea
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