How About Some Friday Follow Through

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Yesterdays report was entitled  "Cross That Line", and the markets did just that!  They crossed the lines that we were looking at,  so I figured that it wouldn't hurt to name Fridays report, "How about some Friday follow through", to see if they would accommodate again.

Let's take a look at how accommodating  the market action was yesterday...

 

SPX - SPX crossed the line, breaking the down trend.

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May 10th – Cross That Line

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SPX - The General Markets are shaping up and as mentioned in yesterdays report- I expect the SPX to cross this line.  That is ( at least short term) A bullish break out from a down trend. We also have been watching this triangle formation.

 

And this is why I mentioned that I would expect a break higher...

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May 9th – Close One

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We had a lot of movement in the markets on Tuesday, but we did not get the move that we were looking for.  What was that?...

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