ES Update 2

addendum @ 10:30am (New York)

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The breakout of the bearish trident this morning is a big deal, but the implications of a potential reversal of the VLT macro bearish trend is a HUGE deal…

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The macro bearish downtrend channel, intact since 2000, has been broken!

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The VST chart above shows the explosive move I have been expecting, and the next logical target is the resting bear stops above 1424.75.  The next target higher is at 1438.50.

If 1424.75 is exceeded, the spotter signal is voided.

I was wondering how the pros would take advantage of this extremely powerful setup, and the timing of today’s move to coincide with tonight’s speech is deviously opportunistic indeed.

…my .02 x 2

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