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Strategies & Market Trends : Wolfgangrene's charts
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Chris_Toronto
wolfgangrene
To: The Ox who wrote (3536)3/28/2017 8:17:08 AM
From: The Ox2 Recommendations   of 3976
 
From: The Ox3/28/2017 8:15:59 AM
To: The Ox who wrote (18816) of 18901
Message #18816 from The Ox at 3/15/2017 1:15:42 PM
...... While I strongly suggest not getting out in front of a charging bull, looking for signs of a change in trend or even a temporary exhaustion from the charge is not a bad idea.

Often, the first move out of the FOMC meeting is a head fake, so the next couple of days will be interesting, to say the least!
We got our initial head fake and then a short term trend change. The daily SPY 50dma needs to hold (as it did yesterday) or the potential target of 225-226ish becomes much more likely, (imo...see 2nd chart)



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