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OK, that was a typo, but I liked it and decided to go with it. 😁
If you don’t think bears are in trouble here. Think again. I’ll start with a 5 hour bar chart on the S&P bear fucutures. This high base breakout has a measured move target of 4800.
The good news is that I don’t think it will get there today.
So let’s downshift to the hourly bars. The 5 day cycle projection is 4590. But the way is clear to 4600. Should get a pullback from somewhere around there, but sport is coming up fast. They would need to break 4575 to get anything at all going on the downside.
This is just the intraday look. For more:
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