S&P 500 INDEX: IS THE CORRECTION OVER?
This index, five weeks ago, broke out of a seemingly corrective one year old bearish trend line. It seems the retest of the trend line is coming to an end and the question is which of the two credible demand zones here will initiate the recovery? the one on the edge of the trend line or the one below it? And is this impending recovery the end of the correction or its just a temporary relief. Lets keep our fingers crossed while we patiently watch out for which of the zones gives us a buy confirmation
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