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CasualFinance
May 3, 2018 12:34 PM

Next Stop 2575? Short

S&P 500 index of US listed sharesFXCM

Description

SPX500 broke through short term support and tested support-turned-resistance overnight. With no close support in sight, next stop may be 2575 before it can reestablish support. The long term descending triangle (bearish 66% of the time) does not paint a pretty picture for equities in the days and weeks ahead.
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