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Sideways Market Breaks Out to the Upside After Testing 1216 Support

Friday, 11. November 2005

S&p 500 emini finally broke its range of the last 7 sessions. After a test of support the market made a high of 1235. Indicators point to buy, but no setup as of yet. A higher low needs to be established above 1220. This could give us a setup to enter a long position. Will remain flat until a setup develps.


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