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cfetrader
Feb 9, 2016 3:32 PM

Short term SPX price motion 

S&P 500 index of US listed sharesFXCM

Description

The zone around 1830 appears to offer (temporary) support based on an innovative pitchfork arrangement, constructed with the aid of a declining trend line(1). Will a reaction towards (the cloud) 1970 ensue prior to further declining motion (for instance 1700) or the Schiff pitchfork guide values lower ?
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