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Linda Raschke: SI shows two higher lows on 2 hour chart

Linda Raschke: SI shows two higher lows on 2 hour chart
SI forms double higher lows, chart shows

Linda Raschke, founder at LBR Asset Management, observes two higher lows on the SI 2 hour chart. She points out that if the price moves above the Vol ATR green line, a trailing stop for a long position will be triggered.

Raschke has previously highlighted 7363 and 7155 as important support and resistance points for June SP futures, suggesting possible downward movement if those levels break in a recent note. She also identified a downside triangle breakout in copper, noting a potential buy signal if the metal closed below the 5 SMA in earlier commentary. These recent observations reflect a continued focus on technical chart patterns and key levels.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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