MP S&P Sept 8th for week 9/11

we need to remain above 1319 and also now close above 1327.5 to think about 1340. any close < 1319 neutralises the chart and we should not only revert to the mean but to the bottom of recent range.

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Originally posted by alleyb

we need to remain above 1319 and also now close above 1327.5 to think about 1340. any close < 1319 neutralises the chart and we should not only revert to the mean but to the bottom of recent range.

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Alley how did you come up with the 1319.00 level. I am looking at the MP chart and that point doesn't stand out as level to watch?

Thanks,

Bsd

top of VA of previous mini distribution and here we are on 9/18 and I think that trade since 13th has proven the point