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S&P 500 Index
Short

NEO WAVE NEUTRAL TRIANGLES IN S&P 500

By selvamB

NEO wave NEUTRAL TRIANGLES are corrective patterns inbetween a bull run. the slope of support and resistence lines are significant(up).
BUT we have one pattern completed today which is deviating the rules of uptrend. A FLAT HORIZONTAL S&R LINES with lower one breached is a confirmation of strength of bears or weak bulls.
second confirmation(pullback below 62%) is required to initiate positional shorts.
wait for updates
S&P 500 (SPX500)trianglepattrenWave Analysis
selvamB

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