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Scandex Market Update – April 7

Scandinavian Capital Markets

Getting close to decision time again! The rally from the low would subdivide by 61.8% at 23443 just above the Feb 2018 low at 23360. The 200 week average is currently 23684 and the underside of the 90 year channel center line is about the same price. So, 23360-23684 is the narrowed zone to know for a pivot in the Dow. This is roughly 3.5%-4.5% higher before it’s time to make the next decision.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/scandex-market-update-april-7/
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