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All About Trends Subscriber Mid-Week Newsletter

All About Trends Subscriber Mid-Week Newsletter

Courtesy of David of All About Trends

Yesterday post fed we got our standard knee jerk upswing, BUT all we did is fill the gap and back off. That told you something about today. As in "now that we got that out of the way".

Since August 6th if not before in the S&P 500 daily chart we said: 

Its All About The Green Line, a break sends us to the 50 day average.

If we break to the downside and this weakness has teeth to it, then a move down to the 50 day wouldn’t be out of line as an initial stop.

As usual, after a drop like we just had the 60 minute stoh’s are in the gutter. 

The daily’s though show us still having a ways to go to hit oversold.

We’ll have more to say in the mid-week newsletter tonight. 

To learn more, sign up for our free newsletter and receive our free report — “How To Outperform 90% Of Wall Street With Just $500 A Week.”  David’s offering our readers a Special, two months at $10 a month. - Ilene   


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