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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Johnny Canuck who wrote (51233)1/22/2015 5:01:21 AM
From: Johnny Canuck1 Recommendation

Recommended By
sense

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Expect the counter rally to reverse back down tomorrow as it is the third day of the counter rally. It just stopped short of the 50 day SMA intra-day but closed down. Intermediate sell signal still in place.



Same comment on the DOW as SP500.



Dow transport also should be ready to reverse back down from the counter rally. Intermediate sell signal still in place.



COMPQ still tracing an intermediate sideways pattern. Intermediate sell signal still in place.



Russell 2000 still on an intermediate sell signal.



Agriculture index setting a lower low. Expect more lower lows to come.



CORN counter rally already fading today.



Financials now below a major support level. That level is now resistance. Intermediate sell signal still in place.



Expect the counter rally in energy to stall tomorrow.The low from December is holding for now.



Gold resting after a decent run up. The low close was just below the high close of yesterday indicating the rest will be short term in nature. Potential run to the high in August is possible.



Natural gas trying to find a new short term bottom that is below the $3 psychological price level discussed
extensive a few years ago by Boon Pickens.

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