Daily convergence showing in the RSI and MACD support the impulsive leg to the high of $9,900. The Dow principal of 50% holds true unless support is broken.
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Still staying and closing above, we should see this is solid support, with a potential inverted head and shoulders pattern if it closes above the neckline around $8,616
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This can be seen as a bottom forming market. Let's wait to see a strong up leg past $8,200.
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