XJO
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XJO Weekend Charting and Chat - 09 Feb 2018, page-46

  1. redbacka
    9,461 Posts.
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    11/02/18
    18:20
    Post #: 30979147
    The support levels (the same three as the previous chart) are even clearer on the SP500:

    Screen Shot 2018-02-11 at 5.17.34 pm.png

    You've got a triple here - using different types of criteria.

    Horizontall support. A major moving average. And a break below a 2 Standard Deviation move.

    Triple supports are extraordinarily powerful.

    Anything can happen in the stock market, but triple supports based on different criteria rarely fail.

    RB
    XJO Value at posting: 6,026.2
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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