S&P is showing easy follow through while going down. S&P finally hitting the supply after a strong move up. S&P is right against the long time trend line. S&P has immediate support line 1358 and resistance at 1393.
Looking at the recent past, we have heavy selling behind us and supply is finally coming into this market which may force range bound market or market may go down little big. This is healthy for the market as market may be getting ready for big move up.
Market is heavily sold and hence we are seeing big price move in this market.
I still don't see end of the bull market. we may be getting temporary range bound market and over trend is up and this is a good time to look for strong long setups....
Looking at the recent past, we have heavy selling behind us and supply is finally coming into this market which may force range bound market or market may go down little big. This is healthy for the market as market may be getting ready for big move up.
Market is heavily sold and hence we are seeing big price move in this market.
I still don't see end of the bull market. we may be getting temporary range bound market and over trend is up and this is a good time to look for strong long setups....
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