Mentorship

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S&P 500

1 Nov 2016 ‚óŹ 07:35 AM

S&P 500 - has been forming a descending triangle. This pattern can be bearish in classic TA but in the form of a pennant or in a 4th wave position can be bullish as well. What we need to see is what happens at the support level of 2110. If it holds then wave E of an ending pattern may start towards the 2266 level.

spx-011116

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