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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.270.0%Dec 26 4:00 PM EST
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To: Johnny Canuck who wrote (53302)10/28/2020 4:31:52 PM
From: Johnny Canuck1 Recommendation

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Fully update later but the DOW is a important support level. A break below this current level will have institutions bailing wholesale in order to lock in gains for the year and not show a loss going into year end. Only positive today is the volume was heavy but controlled. Tomorrow is day 4 of the current trend so I expect a reversal but a break below would start the ball rolling of a further sell off based on stop loss triggers.



Similar comment on the DOW transports so no help there.

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