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Monday, June 3, 2013

$SPX Correction Technical Analysis

Here are today's Technical Priorities. Each day these priorities are updated. For more, click here to www.spxcolortrade.com

Below are four Technical Priorities that we use when attempting to spot trends and pivots. They are prioritized when updated each day. 
  1. Elliott Wave Pivots – A price reversal at 61.8% level…
  2. Forex ES Mini and $USD – The $USD/Dollar may have found support after the new low…
  3. SPX Signal Alerts – A red candle was displayed today with a sell alert…
  4. EMA Trend lines – The EMA 13-21 lines could go negative soon…
Observation(s):
  • A bearish condition exists because of these conditions:
  • 1) A red candle,  2) A sell alert, 3) A reversal at the 61.8% retrace.
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This product is meant for educational purposes only. All information and data displayed on this blog should not be taken as advice to Buy or Sell any Index, Stock, ETF or Option.