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Strategies & Market Trends : TRIPLE TRADES
OPEN 7.230+4.5%3:59 PM EST
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To: yard_man who wrote (3554)11/3/2023 10:40:16 AM
From: Bull RidaH  Read Replies (1) of 4394
 
Yes, it’s probably already time to buy the intraday dip in TNX. As for where the SPX could eventually top out, this year’s flag pattern must be considered, as these patterns tend to generate HIGHLY RELIABLE projections. Today’s break above 4325 has delivered a BREAKOUT from the flag, and a target of 5120 is now in stone as long as 4325 is maintained as a floor on a closing basis. A similar rate of ascent to the flag pole would have an arrival to 5120 occurring in Mid March. But the ascent to target usually occurs at a more severe angle of attack than the flag pole itself.

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