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Thursday, July 20, 2017 10:11:20 AM
Mid Week Outlook
By Amateur Investors | July 19, 2017
The S&P 500 is only 12 points away from the 200% Extension Level (2486) which is calculated from the 2007 high to the 2009 low. Thus this would be a good place for a reversal to take place from.
Meanwhile taking a look at an intra day chart the S&P 500 appears to exhibiting a small 5 Wave affair and is likely nearing a short term top.
http://www.amateur-investors.com/AII_Daily_Report_July_19_2017.htm
• DiscoverGold
By Amateur Investors | July 19, 2017
The S&P 500 is only 12 points away from the 200% Extension Level (2486) which is calculated from the 2007 high to the 2009 low. Thus this would be a good place for a reversal to take place from.
Meanwhile taking a look at an intra day chart the S&P 500 appears to exhibiting a small 5 Wave affair and is likely nearing a short term top.
http://www.amateur-investors.com/AII_Daily_Report_July_19_2017.htm
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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