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krisr
Jan 13, 2016 6:31 PM

S&P Continues to show bearish pressure. Key 1920 line could fail Short

S&P 500 index of US listed sharesFXCM

Description

S&P still showing signs of bearish pressure. We've blasted through the 50/60 ema and are flirting with the 1920 which has been holding since mid 2014. Seeing a nice curve top which could indicate a downward move that may brake this line. Also showing MACD divergence. If this heads down to the 200/250 ema we may be in a full pull-back. Looking at the monthly and yearly charts we can see that we're probably do for a big pullback.
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