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Does the S&P have enough energy to hurdle the downtrend line after a 24% run from the October bottom?
We we’re looking for a correction down to 1277, but after a couple times of trying to crack the glass ceiling at 1333, it looks like the index is back in 1300-1333 short-term trading range.
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Dow Jones, Support is at 1200 around if it take resistance as mentioned on chart
Dow Jones made an attempt to close the week above the resistance line but got resisted and closed inside the weekly pattern.
Suppose to close above 12,584 above…then you will see fire work for up side.
Selling pressure come between 12590 and 12500(This is negative diversion)
Just watch closely Dow Jones Chart
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