The December downward trend line was finally breached yesterday

S&P 500 (Dec 12) INTRADAY Review Such was the bullish nature of the US cash open it meant that our main long entry level was not reached. Our second profit target was breached and this set up a nice bullish phase that took the index up to a two month high breaking above the November double top at 1431.75 going into the European close. The breach of this key resistance triggered a sharp break out up to 1434.25 which in the end turned out to be the exhaustion point. From there the market had

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