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SPX rejection at 100 MA weekly

Short
S&P 500 Index (SP:SPX)  
ositrades Updated   
SP:SPX   S&P 500 Index
Trend Analysis
1
3
trendanalysis
A close below the 100 MA weekly will keep the shorts alive. Break of this resistance is a bull flag. Likely to repeat the previous rejection, but who knows. Hold tight!

DYOR.
Comment:
So we broke the resistance and turned bullish. But once the resistance broke, it became a support and we saw a bounce from it yesterday. A break of this support will now call for a start of the bear trend. Until then, we are bullish.
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