After posting this afternoon, the market might close below 1200, we got some “dissapointed” emails. Well, the market is reversing today. Let us see if we manage to close below 1200, and everybody gets fooled into the false bull once more. Meanwhile, for those following our charts, we reached our target today, 1220. For the interested, below is a chart of SPX. We clearly see how strong reversals, both up and down, SPX puts in after those typical hammer/inverted hammers/hanging man formations. Today is one of those reversal days.
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