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The Bottom is in

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Okay that was scary but I think the bottom is in... It found support at the 1.618 fib level and we are seeing a healthy bounce on LTF. RSI is also looking over sold. Chart pattern looks like its forming a bottom formation here. With all the longs being liquidated in this area we should rip up in short order.

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todays target is 52-54K.

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Not liking the volume on this bounce or the momentum oscillator.

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UPDATE....this does not look good.

patrading85

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