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Bank of New York ADR Index

25 May 2018 ‚óŹ 06:17 AM

The ADR index is below the 20/40 day averages and weekly momentum remains in sell mode as many global markets are weaker than the US and that is reflected here. The lower trendline support is at 149.50

We are mostly in wave 3 down and if the shelf breaks we will see a free fall to 3=1 or lower.

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