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false recovery
I think the todays recovery in the mini sp500 is a recovery to keep falling.
I dont think we see in the following days the level of 1459 again. It is clear that the long term trend is bullish but for the following days there are two scenarios:
1st.- a diamond is going to be formed between levels of 1445 and 1451 (maximum at 1452,25). when this diamond will be finished, will go back to the long term trend strongly to look for levels at 1472.
2nd.- if the diamond doesnt forme finally. will fall to levels of mini sp500 between 1432, 1435. from this levels will go back into the long term trend to highs at 1472.
different opinions are wellcome
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