while we are on the subject of short time frames I see a H&S on the 15 min chart that started last monday and broke down the full measurement on Friday. This morning the XJO has rallied back to the neckline at around 4140 which is something H&Ss like to do. That would be why we hit a little resistance at this time.
Only short time stuff so no real effect on the big picture but the immediate direction is perhaps down
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