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S&P 500 Index
Short

Could go either way, but need a retrace first

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As you can see we are still in the range of the highs and lows since the start of the breakdown earlier this year. Until we break that resistance line I still see potential for this to go either way. To continue going higher from here it would take a lot of volume and increased strength which is already waining from the run up we've had in the last couple weeks.
Trend Analysis
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