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Saturday, January 22, 2022

S&P

 Chart wise, bearish mode!

Likely to continue to trend higher!




Last night S&P has broken down the 200 days Moving Average at about 4430 level couple with quite a high volume looks rather negative! 

At the same time it has also broken down tg e weekly 20 days Moving Average which could the start of a long term downtrend indication.

Short term wise, I think likely to go down to revisit 4278 then 4200 level! 

Pls dyodd.


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