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What happened Mondayand what to expect Tuesday...
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SPX - July 5th we seemed to have our dcl in place, day 4. I mentioned that it could be L.T., but a daily cycle could peak at day 15 and still be L.T., so ride it with a stop.
SPX - And it is heading for the upper trend line.
Read MoreI know by now you know how I feel about the Precious Metals Sector, but maybe the Theme Pic will help to clear up any doubt at a glace. 🙂 We will discuss all of the Market Sectors, but the main focus is still on Precious Metals.
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THIS IS A CHART OF THE SPX FROM FRIDAYS REPORT- The 'but' part was simply that I am expecting a L.T. daily cycle after a rally, so I keep that in the back of my mind...
SPX WEEKLY- And we have a weekly reversal that should have follow through higher too. The RSI held the 50% line too, so it is a bullish set up here at this point.
Read MoreIt is the final trading day of the week, so this report will just be a quick summary and will also include a few trade ideas
SPX - I think that we have a dcl. In tech analysis, you would expect a possible run to the upper trend line, but...
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