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  1. Price Pattern Technical Analysis: SPX 500 Beginning to Make Good on Bearish Technical Setup, Crude Oil Vulnerable to Deeper Losses, Gold Treading Water

    by , 01-12-2015 at 08:58 PM
    US DOLLAR TECHNICAL ANALYSIS – Prices are attempting to continue building higher having started 2015 off with the largest daily rally in three weeks. A daily close above the 50% Fibonacci expansionat 11648 exposes the 61.8% level at 11719. Alternatively, a reversal below the 38.2% Fib at 11577 opens the door for a challenge of the 11489-522 area marked by the December 8 top and the 23.6% expansion.

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