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The Steel ETF (SLX) did get a breakout

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TREND1 Member Level  Friday, 06/30/17 11:25:25 AM
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The Steel ETF (SLX) did get a breakout with a close above resistance from the May-June highs. I suspect that US steel stocks are moving higher because of chatter regarding import duties. Regardless of the funny-mental reason, SLX shows support in the 35-37 area and a breakout at 38. This is enough to reverse the downtrend and suggest at the bigger uptrend is resuming.
BY ART HILL





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