A beautiful bear flag is forming. There is potential for a bit more upside over the coming week to about 5600 before we break the flag and start towards our target of 2350; a level not seen since 1996. Clearly way over bought on the daily and the super guppy has gone red.
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Rally went slightly higher than expected; and is now about ready to break down in the coming days.
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Flag break down. Parabolic sar flipped to sell. Momentum building downwards.
