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simonsays452
Oct 7, 2015 12:52 PM

SPX still has another 30pts Long

S&P 500 index of US listed sharesFXCM

Description

Since August's massive move lower, the index has trended higher and is poised to take out the Sept 17 high of 2021. With today being the last day before China comes back on line and given the strength of the overnight "risk-on" EM complex trade, I wouldn't be surprised to see a strong move higher today. Watch the psychologically important level of 2000 where there's slight resistance, as well as the first fib ext of 2015.

If we fail at 2000, look back down towards 1977 for support.
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