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Bulls Control the Battle Line on the Stock Market Chart

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

It’s plain to see that the baseline assumption for G20 is that there will be good news this weekend (kinda like, oh, December 3rd of last year). The basing pattern is complete.

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What’s fascinating to me is that we now have two mirror images on the /ES, each in clear opposite to the other. For now, the bulls quite clearly have control. Sunday GLOBEX is going to be worth watching.

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