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S&P 500
5,718.57
(
0.28%
)
US TECH 100
19,295.24
(
-0.01%
)
Dow Jones
42,124.65
(
0.15%
)
Brent Oil
73.74
(
-0.20%
)
Bitcoin
63,310.90
(
-0.49%
)
Post# of 19856
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gfp927z

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gfp927z

Re: bigworld post# 11902

Monday, 04/17/2017 3:59:49 PM

Monday, April 17, 2017 3:59:49 PM

Post# of 19856
Bigworld, The futures charts over on Finviz sometimes give a better reading on the current TA situation compared to regular charts.

Today on the Finviz charts, the indices put in a strong bullish engulfing candlestick pattern, which when combined with the 'hammer' seen at the March bottom (bullish), and the fact that near term support (~2325) held for the S+P (bullish), suggests that the market may be ready to bounce, in the near term at least.

Just guessing, but the PPT juice machine may have been in operation today. Another up day tomorrow and the S+P will also be back above its 50 MA.






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