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Scandex Market Update – June 8

Scandinavian Capital Markets

TLT reached the noted support line on Friday and reversed higher. The importance of this line cannot be overstated. This is the same line that was resistance for major tops since 2012. Another leg higher from here is possible but I don’t have a strong opinion on whether or not that happens. Favor the upside as long as Friday’s low holds. 162 is initial resistance.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/06/08/market-update-june-8/
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