What I wrote in early March on SPX is still relevant - we got another leg up without correction, but perhaps the time is now?
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| Time for a horizontal correction, followed by a deeper dip (or direct dip?). Plenty of room for a correction in this bull trend. |
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| Probable range before a possible deeper dip. |
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| Intraday support levels. Short @ 1559, stop 1565 (6 points), target 1547 (12 pts). For the brave ones even a lower target is possible. |
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| S&P is stressful. |