Micro E-mini S&P 500 Index Futures
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MES1! Likely Retracement Ahead Based on RSI and MACD & Timing

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SPX has been in a tight range, grinding higher slightly every day. Momentum indicators have signaled a downturn as well as the divergence throughout this 40-day long rally. The targeted retracement is 50% Fib by mid-Jan of 2021. Levels are 3591,and then 3515 (50% Fib)

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