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Scoop from TraderWise
5

Weekly Market Commentary: Rally On Course to Test 2008 Reaction Highs (Tech) or Lows (S&P)

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The first attempt at a top in January ceased to be with this week's close at new highs. For the S&P there is a series of reaction lows in 2008 which kick in at 1,222 and range up to 1,260.

The Nasdaq has long since passed 2008 reaction lows and is fast approaching the first of the 2008 reaction highs.

 
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