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Strategies & Market Trends : News Links and Chart Links

SPXL 214.95

+2.8%

Nov 25 4:00 PM EST

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To: Les H who wrote (28112)	9/2/2023 10:42:01 AM
From: Les H	Read Replies (1) of 29600

The S&P 500 (SPX) caught a bid after taking out the 50 day moving average. The daily SPX is now facing its first big test. It is currently at price exhaustion levels with an active TD Sell Setup @8. To continue to power higher above the TD Resistance level at 4576.73 and new highs without any type of pullback would require a fundamental shift in sentiment. Otherwise, considering the pre-holiday low volume pushing the market higher, the reasonable path is to at least test the 50 day MA once again. tradetrekker.wordpress.com

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