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themarketzone
May 25, 2017 3:43 PM

Top of a trading channel - Will it close below 2400?  Short

FX:SPX500240
S&P 500 index of US listed sharesFXCM

Description

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SPX rallied today to new record high but it is now threatened by falling Oil prices.
Pay attention to the top of the channel now. Should act as resistance.
A close below 2400 can generate a weekly false breakout.

Low risk, high potential reward
SPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) DXYOilCLWTI
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