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Wednesday, October 16, 2019
SPX and INDU: No Material Change
Not much to add since yesterday. It still remains to be seen if the rally will be three waves from 2855, or turn into a five-wave impulsive form.
Interesting to note that SPX has slightly whipsawed the breakout over the rising blue trend line. Bulls would like to reclaim and hold that line:
A similar situation in INDU with red horizontal resistance:
In conclusion, no material change from yesterday's update. Trade safe.
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