SNP STRONG LONG
A huge convergence formed on the weekly timeframe has started to work out on the U.S. Industrial Average. The Fibonacci expansion correction already corresponds to 1.618, which is enough to end it. We closed the gap formed by the candlesticks of the previous two trading weeks. Last week's trading volume was climactic, the highest since June 2020. There is also a support level below. Why not turn the markets around already. Especially since the negative sentiment about the future of the market and FUD about a prolonged recession is all over the place.
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