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4 Up Down

Nasdaq Prints New Highs. Expecting A Bull Trap?

http://short-termtrading.blogspot.com –

The 60-minute trend is up according to the force index indicator. The nasdaq emini is printing new highs and is moving above the upward channel that has contained prices since the beginning of February. I have a short position on the S&P, but it is a loser after so many consecutive up closes. %b indicator is developing a negative divergence.

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