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Home | S&P 500 Sets Double Bottom, US Dollar Snaps June Uptrend |
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S&P 500 Sets Double Bottom, US Dollar Snaps June Uptrend
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- June 29, 2011
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The S&P 500 has set a double bottom while the US Dollar has broken through key support, snapping the uptrend that led the greenback higher in June. S&P 500 – Prices took out resistance at 1303.20, the 50% Fibonacci retracement level, further reinforcing the formation of a near-term double bottom 1257.30. Buyers now target the [...]This article (S&P 500 Sets Double Bottom, US Dollar Snaps June Uptrend) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://www.americanbankingnews.com/2011/06/29/sp-500-sets-double-bottom-us-dollar-snaps-june-uptrend/
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