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Thursday, April 20, 2017 12:52:42 PM
>>> ES (SPY) Threatens to Thrust into a New Upleg <<<
By MPTrader | April 20, 2017
ES (Emini S&P 500) is trading above 2350, which takes it one step closer to thrusting out of its 9-week, potentially bullish Coil Formation.
Next key resistance is at 2364, which my work argues is the final resistance level that could put a lid on the emergence from the bullish digestion period.
If ES does take out 2364, the prospects for a run at 2440/50 increase significantly.
Climbing the Wall of Worry continues.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | April 20, 2017
ES (Emini S&P 500) is trading above 2350, which takes it one step closer to thrusting out of its 9-week, potentially bullish Coil Formation.
Next key resistance is at 2364, which my work argues is the final resistance level that could put a lid on the emergence from the bullish digestion period.
If ES does take out 2364, the prospects for a run at 2440/50 increase significantly.
Climbing the Wall of Worry continues.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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!
• DiscoverGold
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