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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.920-9.1%3:59 PM EST
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To: Bull RidaH who wrote (456)2/5/2021 5:53:08 PM
From: Bull RidaH  Read Replies (1) of 4392
 
SPX - Contrary to my expectations, the index has registered a couple consecutive closes above the key 3863 area, and is advancing towards the upper rising line of a megaphone pattern several weeks in the making. A tradeable decline should ensue upon a touch of that upper line, but a confirmed break above the line will result in a 120 point "measured move" target above the breakout point. May be necessary to allow upside targets in some supercaps and NDX to be met. Nice call JoaT's!!

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