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Posts Tagged ‘next level’


Posted by StockRake on June 9, 2010 in Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades

If We Break 1040 On SPX This Is Where We Are Going

All yellow marks occur when price is above the resistance/support line of around the 1040 level. If 1040 breaks, I have to look at where the next yellow marks are. The next two that show up looking backwards are two at the 982-979 area. The yellow marks represent price congestion/inflection points. If the market breaks …

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Posted by StockRake on June 22, 2009 in Leveraged ETFs, Leveraged Funds, Market Comments, Stock Market Charts, Technical Analysis, Trades

I’m Going To Make This Short: I’m Good

I’ve been saying a break of 819.53 will result in a test of 893.06. SPX settled at 893.04 today. So that is below the next level. This tells me there will be a test into the 870s. This is where we are going –> (877.52, 872.81), 865.3, (858.73, 852.06), 841.5 **(cluster), outlier Clusters usually get …

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