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  1. Swiss SMI Technical Analysis: bearish ranging near 200-day SMA bullish reversal level

    by , 06-08-2016 at 02:19 AM
    Daily price is on ranging market condition within 100 SMA and 200 SMA area: the price is located below 200-day SMA for the bearish market codntion with the ranging to be ready for the daily bullish reversal.

    • If the price will break 2-week high at 8322.7 level to above so the reversal of the price movement from the ranging bearish to the primary bullish market condition will be started.
    • If price will break 2-week low at 7898.7 to below so the primary bearish trend will be continuing
    ...