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MysteriousPersian

Expecting short term consolidation here

Short
S&P 500 Index (SP:SPX)  
MysteriousPersian Updated   
SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
Looking for a small bounce around 2800 and subsequent consolidation between 2800-2900 range. If we manage to break under 2800 panic selling would most likely ensue and the fallout of the 35% bear market rally will be tremendous.
Comment:
The 2800 support line is respected and the price actions snaps back before close into what looks like a retrace back to the 2870 region. Stay posted to see how we close out the end of the week.
Comment:
reaching the 2850 target area
looking for the downfall in the next days

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