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I know that I am messing around with Bulkowski here, but from looking at a daily chart of the SPY and drawing a very simple trendline we can see that the past few days have been constructive in terms of throwing back price. While I am not wagering the whole bullish thesis on this trendline, if the bulls can turn it from resistance into support, it will go a long ways to reinforcing the overall constructive price action over the past few weeks.
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In my humble opinion, prices will correct to the 1305 area where the 20MA is. In any case great posts as usual Chess.
gracious…yo no soy pendejo