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Scoop from TraderWise

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5 Up Down

Weekly Market Commentary: Support Trendline Holds

http://feedproxy.google.com –

Another week - another support hold. Certainly the rate of ascent the various markets are running is slowing, but not enough to crack the trend - yet. The S&P is very close to a MACD 'sell' trigger.

The Nasdaq has got the most interesting set-up; nestled against resistance with a sub-zero MACD about to give a new 'buy' signal - one to watch next week.

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