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Todays report will be short and sweet, there is no need to cover 'everything' after the weekend report, but it does still include over 20 charts to cover a number of ideas, some new and others that we have discussed in prior reports.
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Alex - Chart Freak
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Alex - Chart Freak2017-05-09 11:50:272017-05-09 12:00:335-8-17 Short And SweetKeeping in mind that we have the French Elections on Sunday and the results can cause a short term reaction, let's review the market action from last week and our current expectations.
SPX WEEKLY - The SPX finally broke to new highs last week ( We know that the Nasdaq has been running like a bull).
SPX - The SPX will be due to drop down into its own ICL soon. In the past the 200ma has been rather reliable as a support. Since the 200 is rising, maybe the SPX will see 2300? As you can see from previous drops down into an icl, a drop like that can take a few weeks once it starts to roll over. "Sell in May and go away?"
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Alex - Chart Freak2017-05-07 14:24:472017-05-07 17:19:36MAY 6th Weekend ReportLets get right to the report...
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Alex - Chart Freak2017-05-05 11:36:222017-05-05 13:39:55Friday May 5th
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