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Mr.TopStep's Chart Of The Day From NinjaTrader

(click to enlarge)Click to enlarge Today's chart displays 60 minute, Daily, and Weekly time frames of the September eMini S&P 500 futures, accompanied by 50 and 200 period Simple Moving Averages calculated off of the 60 minute candlesticks as well as an RSI (relative strength index) indicator. The conditions of the indicators on the chart appear to be heading toward repeating a pattern from a previous two weeks ago. If the 50 period moving average crosses above the 200 period and the RSI levels raise to near the 65 mark, we may see some similar market moves as those of two weeks ago. Happy Trading!

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.