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SPX WEEKLY - We now have our break out & back test complete. Fridays push higher in the markets gave us this reversal off of the 10 weekly MA, and technically that is a buy.
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SPX TUESDAY - Break outs often 'back test' the break out, so I mentioned that this drop Tuesday was possibly just a back test. General Markets would be a BUY with a tight stop at this point. ( UPRO, TQQQ, ETC).
SPX YESTERDAY - SPX broke back above the 10sma and that was likely a perfect back test. This is a buy, but we really want to see this move higher quickly. That may have been a 1/2 cycle low.
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