the Index at a crucial resistance

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The rally has brought the Index to a crucial resistance. In my view the index should resume its downtrend from here.

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ملاحظة

the Index has rallied post the Fed outcome. According to Elliott this the ii wave rally that means it will not surpass the previous rally high of 4393. So in my view are round about near a strong resistance. Now we need reversal signal from our oscillators.