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What to look out for on Monday

  • Anup Ved
  • Apr 23, 2016
  • 1 min read

While going through the charts of various Indexes, I came across this SPY chart. The similarity in the move on last Thursday and Friday to the move on 11/4/2015 and 11/5/2015 is something to take note of. See on the chart how 211 has been a point of resistance. All depends on Monday's price action. If you see the 1hour chart for Friday, markets reversed hard from 209.29. If we do not break this price on Monday, expect a big sell off in the following 3 to 4 days.


 
 
 

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