If a diagonal is developing we are in the range where a downward turn is due. If the index does indeed turn up, I would be expecting a blow-off top in the next few days or weeks. Right at this juncture however it's about a 50/50 chance of going either way.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.