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Strategies & Market Trends : News Links and Chart Links
SPXL 222.70+1.6%Nov 28 4:00 PM EST
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To: Les H who wrote (27612)1/14/2023 10:23:10 AM
From: Les H   of 29600
 
Market made two attempts to break lower after the four hour S&P 500 (SPX) recorded a TD Sell Setup @9 last Thursday, January 12th. The attempted selloffs very very brief ad there was enough dip buyers to keep the SPX at higher levels. Currently, the four hour has an active TD Sell Setup @9 + 3. Technically, the SPX is still vulnerable to a deeper pullback, but given the much improved breadth, it’s more likelier to trend sideways to higher in the short term, and the daily and weekly timeframes become more prominent.

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