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A strong case for a reversal
Ill make this short and sweet:
1.RSI is currently divergent.
2.TD Indicator is on a daily and 12 hour perfect 9.
3.Moving Averages are over extended at this time.
Remember that this is a very risky because we are basically trading against the weekly trend. We should see a bounce to 7700 to 7500 if it is a much lower bounce then that is a bad sign and an indicator that we may go lower.
God Speed Gents,
Mr.Manbearpig
1.RSI is currently divergent.
2.TD Indicator is on a daily and 12 hour perfect 9.
3.Moving Averages are over extended at this time.
Remember that this is a very risky because we are basically trading against the weekly trend. We should see a bounce to 7700 to 7500 if it is a much lower bounce then that is a bad sign and an indicator that we may go lower.
God Speed Gents,
Mr.Manbearpig
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