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An important “Dual Test of support” is at hand right now for the 500 index. Long investors best hope it holds, because the support line off the 2009 low is very important!  FYI- Support is Support until broken!

Twice over the past 12 years, the 500 index broke support lines of these rising wedges at (1) in the chart below and prices fell off quiet a bit.

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The above chart reflects how important it is for the “Dual Support to Hold” in the top chart at (1) to hold!

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