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fair go, the failure to break through the blue rectangle was crucial for further downside. Now looking for resistance (sellers to step back in) and the most likely area is just before the red 29400 de

That is the 50% retrace for  the Dow and S&P. 

Interesting S&P daily shaping up 👇

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Is the party over, Tamsin?

While macroeconomic data was pointing at a deep recession, Citi’s Snyder was focused on the recovery. But he questioned how much further the market would rise with the U.S. presidential election in November and simmering U.S.-China tensions.

“The returns from here will be harder to come by,” he said.

https://uk.reuters.com/article/us-usa-stocks/sp-500-rises-on-economic-recovery-and-vaccine-hopes-pulls-back-from-highs-idUKKBN2321Z4

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5 hours ago, Caseynotes said:

Consolidating before the next push?

Dax and Dow M15 charts;

image.thumb.png.bc15613e8844146c2cedfe21616ac202.png

interesting article in The Telegraph that Jeremy Grantham the CEO of GMO hedge fun is shorting all indices predicting a crash..worth a read

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