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XYZ-Trader-
May 22, 2020 4:05 PM

Caution: Potential Bull Flag forming in S&P 500  

US SPX 500OANDA

Description

Given the high resistance, the U.S. China tensions escalating, a long three day weekend, and a down trend...I think the probability is low to low medium but there is a chance the consolidation occurring right now is to break out to the upside. See bull flag forming. I would wait until confirmation of the breakdown or breakout to trade safely.
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