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Rare pattern repeated in S&P 500

Posted on March 25, 2022 Written by Chart Prophet

Wednesday and Thursday repeated the rare pattern that we saw as recently as last week, i.e. a Significant Selling Day followed immediately by a Significant Buying Day. See previous comments on chart (highlighted). Last three occasions, the market rallied.

First Level Support at 4447.0 has held.

click chart to enlarge

Filed Under: emini SP500 (ES)

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