Annotate break release easily
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How to annotate break release
The market initially dropped but then surged as the Bulls overpowered the Bears. In yesterday's video, it was anticipated that the market might gap down below the 200-day moving average and break the trend line, potentially leading to a sell-off towards 3,800. While it surpassed the 200-day moving average, it failed to break the trend line, resulting in a rally by the Bulls towards the end of the day. The question now is whether the Bears are finished. Jacob Gabbard analyzes the S&P 500 and NASDAQ using Elliott wave theory on his show "Invest with Jacob" and provides daily updates, trade setups, and buy alerts. Today's rally alters the outlook, prompting a closer look at the charts.
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