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Uninspiring Three Line Break Charts

By Jeff Pierce

It's very plausible we continue to rise, but these are anything but bullish technical patterns. The Nasdaq is sporting a bearish megaphone pattern while the TSX has rallied right back into resistance. I've been spending the last week or so severely lightening up on my long positions because I felt the market was at risk for a pullback. Tomorrow should put that bias to the test.

(click to enlarge)Click to enlarge

(click to enlarge)Click to enlarge

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