S&P AM Decline respects bullish symmetry
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The 13.8 pt decline from yesterday’s high is emotionally charged because of the proximity to the “magic” 1,000 level. But in reality the decline is no different than the several other 13 to 15 point declines since the 8 June low.When that pattern changes, then the bears may get the upper hand. Right now you still see a pattern of higher highs and higher lows on the 60 min charts. You don’t have to agree with the price action, but must respect its potential.
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