Yesterday I pointed out the potential harami
Since April, SPX index has been testing 50 day MA from below for 4 times. The previous 3 times, it failed twice. The thirt time it got well supported from the above mentioned level (1060-1075) and bounced back above the 50 day MA. Can it be lifted above the 50 day MA again this time? I doubt it! Why? There are tons of reasons, I will just mention a few of them. This time SPX index never closed above 50 day MA, the area above 50 day MA is an obvious island
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