- Dow Jones could not hit the 50% retrace level today despite the bullish move. This is the third such attempt in as many day's .
- Same should be said about the 20 DAY MOVING AVERAGE. Dow jones comes close to the moving average but not able to close above the moving average.
- If these levels are not take out quickly we may see another sell off to the lower end of the trading range.
- SPY WITH A DESCENDING BROADENING WEDGE
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