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unforgiven
About me Professional trader and former licensed commodity trader.
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Market breaks meaningful downtrend line!
IWM
, 15Long
IWM: Market breaks meaningful downtrend line!

This mornings rally continues the subtle strength shown by the market yesterday when the S&P broke above the downward sloping trendline that has served as overhead resistance since the beginning of the year. We will now get a retest of support near the lows, and will be watching for internals and volume to confirm this as a legitimate short-term bottom. Good Trading

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