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My friend Josh Brown of the Reformed Broker, wrote an clean/short post on “Respect Thy Trendlines“ (Read Josh’s post here) Its a really timely article due to what is taking place below!
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These charts reflect that resistance could be breaking in the Dow, S&P 500 and Russell 2000. Since these are inverted charts, it means support trend lines could be breaking. Should investors be “Buying the Dips?”
As Josh says….”Respect Thy Trendlines” and have plans should important support levels fail to hold!
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