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Big movement expected on Merck & Co. Inc. after a breach of the support

Merck & Co. Inc. has broken through a support line of a Triangle and suggests a possible movement to 83.55 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.

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Important price line being approached by SPX500. This price has been tested numerous times before.

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