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My long term view of the market. Buy selectively on dips now and hold during 2017-2020 for great gains. Fibonacci based analysis.
Looks to me like a beautiful day to buy $AAPL
Sets us up for a quick 160 visit
And CMF hinting higher towards 64.50
On an up day after a bull flag. Should continue higher from here
Short within yellow zone, use red zone for stops.
And providing good entry point at these levels
And establish today's direction
So this is what a $SPX breakout in monthly terms feels like. Should re-test 1575 at some point then resume.
Key support, resistance and consolidation levels that will define trend.
But be careful, bearish formations are mere long entry points lately.
About to break out or reverse back into long-term triangle.
Possible targets: 162 vs 164
Pay close attention here
Confirmed on break upside of 162