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Short

Not so classic AB=CD pattern but still valid and relevant

S&P 500 Index (FX:SPX500)

kenneth.maake

FX:SPX500 S&P 500 Index

33 0 0

50% retracement is not one of my favorites but the pattern is still valid and this might be a selling opportunity if reversal patterns start developing in the next few days. Also take note of bearish divergence on the RSI

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