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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 684.83+0.6%Dec 22 4:00 PM EST
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To: flrtrader who wrote (89019)1/8/2017 5:43:05 AM
From: GROUND ZERO™2 Recommendations

Recommended By
flrtrader
Mevis

   of 220524
 
Very true, those lines are only drawn in pencil, so the dollar could just as easily break lower, just that the current wind direction is blowing for it to move higher according to the technicals...

On crude oil, I also agree with you about oil, very likely still lower for now... oil moving higher on increased demand would be bullish, but cutting back on production to steady prices is bearish, it's the opposite of increased demand...

GZ
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