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I sure hope that it is break time! Let's take a look at our markets after the Fed minutes were released...
QQQ - I captured this chart at 1:49 p.m.- right before the Fed Minutes were released. Do you see similarities in the blue boxes that I have been pointing out? I don't like that gap.
Read MoreAs time moves forward, we are seeing progress in various areas of the market. Today at 2 p.m. Eastern Time, the Fed Minutes are released and that often can affect the markets too, so let's take a look at where things stand...
SPX - No change from yesterdays report & expectation at this point.
Read MoreIf you need to know how I feel about Miners, check the reports from the last several weeks, but I will add one more thing to that discussion at the end of this report. 🙂 First let's do a market review...
SPX - After breaking below the 50sma as expected, A gap open Monday has put a swing in place, but it is unconfirmed at this point. Another day of follow through may help to clarify this picture. Day 29 is on the early side in the daily cycle count, so let's see what Tuesday brings. See the chart and we'll look at the NASDAQ.
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