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Technical Forecast for S&P

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Technical Forecast for S&P

 

S&P back up testing the 1633 target. We are severely overbought & a dip to support at 1619 is possible today. We held just above here yesterday but below here this week look for 1611/08 to exit shorts & try longs with stops below 1604.
 
A break higher in this unstoppable bull run can never be ruled out. All overbought indicators are being ignored at this stage so above 1633 look for 1638, possibly 1644 & 1647/48 this week.

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