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  1. Pattern Analysis for US Dollars, Gold, S&P 500 and Grude Oil - S&P 500 Showing Early Signs of Downward Reversal Validation

    by , 12-10-2014 at 01:18 AM
    US DOLLAR TECHNICAL ANALYSIS – Prices paused to consolidate after producing the largest daily rally in five weeks. Near-term resistance is at 11511, the 50% Fibonacci expansion, with a break above that on a daily closing basis exposing the 61.8% level at 11565. Alternatively, a reversal below the 38.2% Fib at 11457 clears the way for a test of the 23.6% expansion at 11391.

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