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S&P 500 Index
Short

SPX rejection at 100 MA weekly

By ositrades
Updated
A close below the 100 MA weekly will keep the shorts alive. Break of this resistance is a bull flag. Likely to repeat the previous rejection, but who knows. Hold tight!

DYOR.
Note
So we broke the resistance and turned bullish. But once the resistance broke, it became a support and we saw a bounce from it yesterday. A break of this support will now call for a start of the bear trend. Until then, we are bullish.
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Trend Analysis
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