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Friday, August 28, 2015 10:10:26 AM
SPX 1 min: If the fork is in the proper place, (this is the important issue) we can predict some events with some accuracy. If price tags the ML perfect as the green fork is showing, then the drop should not go all the way down to the lower tine. If price were to go above the ML and reverse it would have a high probability of going to the lower tine. The blue fork has IMO a lower probability of being useful, but it may be OK and contain the price for today.
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