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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19021)	4/18/2017 1:10:54 PM
From: Chip McVickar	2 Recommendations Recommended By John Pitera The Ox Read Replies (1) \| Respond to of 33421

Hello John - TP for 18 April off the daily charts Here's an update on the S&P 500 cash chart and the formation since early March... Off the peak in early April there is a bar variation of a formation called the Lindahl Sell Rule - that extends over 8 bars - adding to the weigh against the RSI reversals. To me the 2344.48 area and the lower tine near 2330 - coupled to the markets inability to break above the red declining pitchfork is telling the story. Here is the weekly Message 31048903