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Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too. This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.
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SPX - We saw a reversal midday and I posted this daily chart in the comments / chat section at 1 p.m.
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When it comes to cycle timing, every step does get us closer to our goal.
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SPX DAILY - WEAK. We will be on day 23 Thursday, and the markets moved slightly higher after Wednesdays FOMC Decision, and then sold off into the close. This still looks weak, I remain cautious.
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