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S&P 500….Was a quiet week for the S&P 500. Did a “Doji Star” topping pattern take place? Time will tell.
Nasdaq 100…A potential Head & Shoulders topping pattern is a possibility.
Russell 2000…It has broke below its steep rising channel and “closed” below its 200MA (on a weekly basis) for the first time since 2012.
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EURO….I will be watching the Euro like a hawk, as it looks to have created a large bearish wick at falling resistance at the top of a bearish rising wedge with almost 80% of investors bullish the Euro!
IF…IF the pattern read on the Euro is correct, it would suggest a decline in the Euro going forward, which could have a big impact on the three charts above!
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