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SPX500 blue magic line act as support now - retest August lows?

FX:SPX500   S&P 500 index of US listed shares
69 2 1
SPX500             blue magic line act as support now - retest August lows? yes look like and now lows?
can be last support and drop down
or we see a reversal now?

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I would like to see consolidation here but I lack confidence...
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hopefully consolidate here but not confident
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