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SO MUCH TO WRITE ABOUT, SO LITTLE TIME. Today is Friday, the last trading day of the week, so a quick review and a discussion on a few trade ideas...
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3 SPX CHARTS
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SPX#1 - Thursday saw the Markets gap down, sell off, and then start to recover, so we get another 'buy the dip' reversal, however ...
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SPX - 'No Change' from yesterdays report. Just keep riding it until a trailing stop takes you out. This can keep riding the upper line higher for a while too.
Read More 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...
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