At the moment stocks don't seem to have the energy to breakdown from the longterm ascending channel. It is more probrable that we will see a double bottom and a bounce and a continuous to +5000$.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
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LTF
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support and absorption at 4133, daily bullish divergence present.
