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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
Bitcoin
56,698.44
(
0.09%
)
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gfp927z

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gfp927z

Re: None

Sunday, 01/06/2019 12:10:43 PM

Sunday, January 06, 2019 12:10:43 PM

Post# of 163
The charts are starting to look more promising for a rebound of the main indices after the big surge on Friday. 'Buy the dip' mentality could re-emerge, though it's still early.

Could be time to cover short trading positions to lock in some profits. Still early, but the odds are staring to improve for the bullish side, though we need to see some follow through.

The first target to watch for the S+P is the 2550-2600 resistance area, then the falling 50 MA at 1645, which will also be around 2600 soon.



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