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themarketzone

Hourly pattern worked, now we need a close above the 50 SMA

Long
Indice S&P 500 (FX:SPX500)  
themarketzone  
FX:SPX500   Indice S&P 500
SPX (S&P 500 Index) Harmonic Patterns Gartley SPDR S&P 500 ETF (SPY)
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spx harmonicpatterns gartleypattern spy
A small bullish Gartley managed to stop yesterday's decline and push $SPX higher to meet with the same line that he couldn't deal with yesterday.
If $SPX will close above the 50 SMA line, it could probably rally towards 2000 to meet the 200 SMA line and the 61.8 Fib level.
That's the final target level of the Bullish Gartley setup I've tweeted last night - twitter.com/themarke...s/636283710665457664
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