An interesting pattern

The S&P 500 is struggling around 1100 (click on the chart to enlarge it). An interesting pattern caught my attention.

The S&P 500 is hitting 1100 and volume is increasing. Pressure is building up under the 1100 level. The possible outcome is that the market will explode on the upside.

Something to watch closely.

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Ranked Top Market Timer in 2009 by Timer Digest

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