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SP500 made a new high yesterday and it's looking to make new ones until the Friday closure.
We are heading to 1.618 fib level after breaking the middle line of the channel.
A breakage of the 1.618 level will take us to retest the upper trend line of the channel.
EMA100 seems...
Well... We have news today that Trump is positive.
He is always positive, so now he have a time to trade, so...
My fundamental opinion is that he and his comrades will pump the market near resistence area.
Also it depends on DXY value, but with all that printing... I'm not an optimist.
Our preference: sales position below 2446,00 with targets at 2420,00 & 2412,00 in extension.
Alternative scenario: in excess of 2446,00, aim for a continuation of the rise with 2455,00 & 2470,00 in line of sight.
Comment: The RSI is limited by a bearish trend line.
We suggest two variants:
1) if Extension in 3-d wave - short term correction & uptrend! (Inval.lev - 2077.00)
2) if LDT - Correction & uptrend! (Inval.lev - 1810.00)
Excuse us! ) We are so lazy to write some more!!! ))
Sure the Real Pro Trader, should be Laconic & Concrete...)))
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