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We just had confirmation of the Hanging Man Candlestick. Conservative traders can wait for the ascending wedge to be broken and re-tested before entering short on SPX.

SPX just posted a potential bearish setup: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p44397243472 We need to have bearish confirmation in the form of a gap down or big negative day on heavy volume, before taking any trade. Ageressive traders (like me !) can short SPX...

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