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We really didn't see a lot of changes take place that were not expected on Tuesday. As the markets pull back, things do get choppy and sloppy. At this point, let's do a market review and then discuss a few possible trade ideas...
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What was surprising about Monday? It was this- Gold dropped over $17 and the Miners fought their way back to green...
GDX:GLD - I discussed the bullishness when Miners lead Gold, so this is how Golds drop & Miners POP affected the GDX:GLD ratio. Bullish.
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SPX WEEKLY #1 - I have been expecting a dip into a DCL, and likely an ICL. Last week saw the SPX drop how deep will it be? Please read chart #1...
And now Chart #2
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