June 25: New comments S&P500
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Please look at all charts, monthly, weekly and daily before making your own conclusion. You can find HERE a description of the chart template used.
The used chart template is explained HERE.
Last week I wrote: "It looks what I wrote last week "probably enough resistance to force a swing down" was right! We have a confirmation for the swing down moving back into the downward pitchfork. We have an evening star top reversal pattern. The next down target is around 2000. "
A large move down on Friday after the Brexit result. A continuation, as expected of the move down. Next down targets are at 2000, 1960 and the median line of the down moving pitchfork.
The longer term SVEPRExp expert system is green. Green means a long position and black a short position for the long term on this weekly chart. You can find more information about SVEPRExp HERE and HERE!
For FOREX traders; here I keep updated FOREX EUR/USD charts.
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NinjaTrader® charts courtesy of NINJATRADER®