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Big stockmarket retrace starts here. Time to flush out gamblers

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OANDA:SPX500USD   S&P 500 Index
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15
owoowowowow

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Wtf is this analysis lol
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Upward trendline seems valid, 4400 by end of month. Good chance to sell some puts here
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I can't post a pic reply but any reason the trend line can't be drawn as support rather than a break of support? just curious, don't have a view either way at the moment myself
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@Spot12 Look up Dow Theory. NDX trend broken. Multiple sessions confirmed break down. Same goes for SPX now too. Break outs either direction have tendency to retrace back to support and then break down further again. Unless that trend line can be broken through again on the up, I believe the market is going to take a bearish turn.
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nice analysis! i was waiting for this moment for a while now... not 100% confirmed yet but sure does looks like it...
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