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Right on the line at close


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#1 gm_general

gm_general

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Posted 24 May 2016 - 03:26 PM

I see the STO on SP500 hit the blue line below at the close, I did not expect it to accomplish this today already. So I did some forward calculations, and if the SP500 closes tomorrow anywhere north of 2054-55, it will be a cross of the resistance line it just touched. Then its pretty likely STO is headed for the red line below (STO about 90), which should be the point the indexes start to drop in earnest. If it does this the top in this move could meet or exceed the recent high, but not by too much I think.


Edited by gm_general, 24 May 2016 - 03:27 PM.