Elites Set to Wipe Out Shorts Before Next Downwave…
By: Clive Maund | Sun, Jan 31, 2016
Originally published January 30th, 2016.
On the 6-month chart for the S&P500 index, we can see how the index finally broke out upside from an intermediate base pattern on Friday, with a big bullish white candle appearing. The large white candle portends a continuation of the rally. First stop should be the resistance shown in the 2000 area, and it may well rise further, as we will see on other charts, with a fairly precise target for the move provided by the chart for the Dow Jones Transports, which we will look at later.
Elites Set to Wipe Out Shorts Before Next Downwave... | Clive Maund | Safehaven.com
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