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Ok. I’m sticking my neck out. But the 5 day cycle projection has been hit on the S&P futures in overnight trading in Aids Ya and Your Rope. And there’s a wee bit of a possible bottom pattern in the price graph and hourly oscillators.
Yes, this could fall apart. The levels to watch on the ES are 4370 and 4360. If they give way, bears should have the ball until 4335 or so.
Conversely, if it clears 4395, it would be set up to go significantly higher.
This is just the intraday look. For more: Head and Shoulders Above
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