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S&P 500 Index
Short

Déjà vu from 2008?

By emanco
The S&P 500 is showing signs of exhausting with a H&S top and might break down anytime. A pending short around the 2000ish level with target on 1600 might give a risk reward ratio of 10 if the descending channel keeps. Worth to keep an eye on the rising wedge formed in the last part.
sp500index
emanco

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