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Cuddles1997-1999
Jun 7, 2018 7:16 PM

SPX500 bigger picture Long

S&P 500 index of US listed sharesFXCM

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Broke out into a new cloned channel range. Could be a false breakout, but if the dip today holds above the trend-line then I think at least a test of the new midline is next (the yellow or purple one i forgot which color i did).

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might be looking at a h+s forming.

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I think it is very likely that the next support is 2750 before 2800. aka support on that uptrend in the ascending triangle.

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my reasoning is the bearish harame.

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