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MT technical Breakdown on watch

Arcelor Mittal NY Registry Shares NEW (NYSE:MT)  
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Trend Analysis Chart Patterns MT XRT Stocks SPDR S&P 500 ETF (SPY) QQQ IWM trade invest
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If retail earnings come in negative this stock could see further weakness.

A head & shoulders pattern has triggered which means we have to be aware of continued weakness to the downside.

A close above the neckline negates the pattern but being below key moving averages does not display signs of strength.
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