FX:SPX500   S&P 500 index of US listed shares
128 0 3
RELATIVELY CLEAN DESCENDING CHANNEL
IMPULSIVE LEG OFF 2080 SWING HIGH
HEAD AND SHOULDERS BOTTOM, W/ A FAILED NECKLINE BREAK & HOLD
TESTING UPPER LIMIT OF CHANNEL NOW

COULD LEAD TO A CLEAN BREAK AND RALLY TO 1900 WHERE SELLERS ARE LIKELY STACKED.
LOOKING FOR 1900 TO HOLD, FOR A TEST OF 1865, EXTENSIONS TO 1820.
THE GLOBAL FUNDAMENTAL SNAPSHOT HAS NOT CHANGED.
BEAR MARKETS DO NOT MOVE STRAIGHT DOWN, THERE WILL BE RALLIES WHICH PRESENT OPPS TO GET SHORT.

INTERACT FURTHER: FOREXunlimited BabyPips Forum - Jake Abrahams
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