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Raiju_Zeke
Feb 14, 2019 11:17 AM

S&P 500 view Short

US SPX 500OANDA

Description

Highly presumptuous to anticipate a change in trend without previous support of that trend being broken however Volume observations combined with the area that price is currently in would suggest to me SPX500 beings to reverse and change trend in this area. Also of significance is an unseen upward channel that price is currently approaching the middle of. This diagonal having previously provided support in the uptrend would logically provide resistance in the downtrend.
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