why sp500 1242

  1. voltaire
    17,444 Posts.
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    19/07/06
    19:46
    Post #: 1686696
    The reason why I suggested SP500 1242 as resistance is illustrated in the chart below.

    This weekly chart has had a well defined lower trend line.

    It breached it but recovered in mid June but now is not so sure.

    First the low term chart and then more of a close up.



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