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Bullish Stats This Week

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The decline on Friday didn’t quite make the obvious targets on SPX and RUT, though the initial H&S targets were both made. The obvious target on SPX would be a test of established support and the possible H&S neckline at 2085 and that may be tested this morning before the strong rally that looks very likely to come soon afterwards.

On the SPX 15min chart both RSI 14 and RSI 5 sell signals had fixed by the close on Friday. SPX 15min chart:

160610C SPX 15min