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SXF Forecast for 13 September 2013S&P/TSX 60 broke support at 735 for our buying opportunity at 731/730 but we over ran a little to 729/728. You will remember last Friday’s bearish formation signalling an end to the rally. Yesterday we have further confirmation with a break below 730 as we develop a short term bear trend. We should continue lower today to 726. We will look oversold short term so a low for the day is possible but do not be surprised to test 722/721. Above 731 is less negative & could reach 733/734. Exit longs & try shorts up to 736 looking for a high for the day with stops above 738.
Written by: http://www.daytradeideas.com/
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