Emini s&p 500 15 min update. On Saturday there were 5 good reasons why this was going higher, but he has many tricks in that big bag of his. Now the 23.6% retrace has been breached and assuming it trades below it for an hour or two, that takes the move up from the low before the Euro deal announcement out of the very strong position. The 38.2% level keeps the move up in a strong position, so in effect we go from very strong to just strong. The MA's have reversed and are aligned and heading down etc.
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