Friday August 10
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Thursday August 9
We saw some interesting moves in the markets on Wednesday, so let's take a look...
SPX - We see a reversal, but I do not expect a major run higher.
NASDAQ #1- I read head;lines saying " Even the threats of North Korea cannot hold down this bull market".
However...
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Aug 9th – Not A Whole Lot Of Change Here
There was not a lot of change to report today, but there were some 'significant' changes that took place, so let's take a look at what has changed...
SPX - This weekend I mentioned that the SPX could go a little higher, but unless it breaks out strongly and runs, it looks to be at the top of a rising wedge.
SPX - Timing wise we are near the timing that we can expect a drop into a dcl, and Tuesday we saw a false or weak break out that turned into a reversal. In June, this happened and we slowly rolled over and dropped to the 50sma area.
