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A quick move expected on SPX500 as it starts approaching a support line of a Channel Up

SPX500 is heading towards the support line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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USD/CHF is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 28 days.

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Be very careful of upcoming volatility. We expect a $20.253 movement on USDCHF.

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