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Stocks On The Edge

Monday, October 17, 2016 22:02
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(Before It's News)

Written by Jim Welsh

Macro Tides Technical Review 17 October 2016

In the last two weeks, I’ve discussed the large wedge triangle that has been developing in the S&P, formed by the high in May 2015 and the low in February. The lower band of this triangle is defined by the blue rising trend line under the S&P, which comes in around 2130. If it does break down, a decline to 2050 – 2070 should follow quickly.

welsh.triangle.caption

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