Market direction

  1. 4,634 Posts.
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    a large number of companies are up against time resistance between now and the next five days. Sometime between now expect either a reversal or hard push forward. Toss of a coin at this stage but leaning towards more upside given the past two days, if the dow keeps it's current formation this will support that, breach of secondary fan on a closing basis from S11 and we'll reverse, currently sitting at 8809, new support comes through on the dow around the 27th. A reversal needs to happen prior to that for it to have any strength.

    Have a nice night
 
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