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I believe it all depends on the value of the US dollar for now.

If it reverses lower again (e.g., due a sentence in the Fed statement on Wednesday) we will likely see a good S&P 500 rally for at least a couple of days.

admin: http://invetrics.com

Sam Deprist

Did you try EMA(50)? Please do, then you will see a break down. Still, in previous cases it marked a bottom, nothing else.

Sam Deprist

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