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Saturday, February 20, 2016
MTU Weekend Ed. - Short Term Update (2/19/15 close)
SPX is back inside prior channel and closed above prior key support line, which is bullish.
Bullish count - new impulse to new highs.
Near term bullish count - ABC rebound on a wave B or wave 2 retrace, but with meaningful upside.
Near term bearish count - a wave 4 flat or triangle, with limited upside.