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Again, not a whole lot has changed, but I am expecting some changes as we move forward. Let's discuss our current market set ups...
SPX - This looks the same as we have expected, but please notice the recent divergence. This usually calls for a pause , a sideways move, or a dip. Let's take a look at the NASDAQ and see what is happening there...
Read MoreOne trading day after the weekend report and expectations have not changed, except that almost everything improved, so let's take a look...
SPX - No change from our expectations
Read MoreThe various Market sectors acted as expected this week, so let's take a look and see how things continue to line up in a way that we can profit from.
SPX - The General Markets put in another high DCL, and we've discussed how the pull backs are more shallow lately and what that implies. This would only be day 7 of a new daily cycle. That dip was sharp , but shallow, so 'longs' may not have even been stopped out with a trailing stop. If one was stopped out, this sideways stall has allowed many to re-enter long positions.
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