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On June 27th I shared with Premium Members that the Fear Index was at resistance and SPY was on support, as the “Shoe Box Indicator” was on support too (see chart below) and that a RALLY WAS DUE! . What followed?

Get “Shoe Box” description (HERE)

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25% of the S&P 500 year to date rally took place when the above conditions were in place! The top chart today reflects that SPY is on support, Fear index is at/near resistance and the Shoe Box indicator (not shown) is at a unique price point too!

From a short-term view point….SPY is on support and Fear is at resistance!

If you would like to know what message the “Shoe Box Indicator” is sending right now, send us an email to services@kimblechartingsolutions.com and we will get you details on how you can get Shoe Box Indicator updates on at least a weekly basis. 

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