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OakMarketTrends
Apr 26, 2016 12:31 PM

New year-to-date record high likely Long

S&P 500 index of US listed sharesFXCM

Description

Technically, the falling wedge pattern calls for a rebound towards 2111 (theoretical target). Regarding technical indicators, the MACD is posting a bullish divergence and is positive. The 50-hour simple moving average is turning up and acts as a support. The bull camp continues to have the edge.
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