TOP end view:
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- broke medium-term downtrend resistance (trendline Yellow) but did not make a new high yet.
- Testing confluence support (trendline and horizontal support)
Closer view:
- Potential double top in play
- FOMC and JOBs report are on tap this week. If FED rhetoric confirms tightening and less QE (Quantitative easing), we could see equities lower.
- Bais will turn bullish if the price closes above the double top, will look for buy opportunities on a retrace.
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