Trade Idea From Dave

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This rally in the market is expected to be just a short lived bear trend pullback.
Here is a Trade Idea for the S&P500 inverse ETF, SH, as it bounces from a lower trend line support area.
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The markets may look like they are reversing today, but the bottoming formations are not yet confirmed for a longer term reversal. The key resistance areas will need to be overcome and a retest of the lows usually happens to form a solid base. The weekly chart of the DOW Industrial Index is very interesting…
Below are charts and levels that confirm a bullish reversal and breakout.
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