Stock Market Testing the High

Current Position of the Market SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated. SPX Intermediate trend: SPX intermediate P&F count to 2300 has been reached. A reversal should now occur. Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
The Market Oracle

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