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Wednesday, February 19, 2014


The Bearish Deliberation (highlighted by the blue rectangle) is not an especially strong pattern and until support near the bottom of the Kumo is broken the Ichimoku will remain bullish.  It does appear that the market has run out of steam at the previous high, but I am not seeing strong technical signals of a reversal just yet.
The bottom of this fork should provide support, but even if it breaks 1812 will still provide support.

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