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| S&P500 Daily Chart @ Close 08/19/2014 |
That said; a cursory glance of the chart should notice that previous 'false' signals on this seemingly 'never ending' rally have eventually been retraced (& then some most recently after the mid- July 'signal').
So; the moral would appear to be to NOT be tempted to re- engage the Long side until another opportunity affords itself below 1940?
