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After a brief market review, I want to point out something that seems to be telling me that now is the time to act. Lets begin...
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SPX - Price was rejected at the upper trend line, and it dropped down to the 10sma. The Red Circle shows that shortly after prior DCLs, price did the same thing. A drop below the dcl would not be healthy, the first daily cycle would be extending way too far and I would be suspicious.
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From here I'm going straight to OIL, NATTY, and The CRB...
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Read MoreHave you ever been thrown off of a Bull? Maybe your stop was triggered only to see that stock turn and move higher. What can you do? We'll discuss that after a quick market review.
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SPX - This was my May 5th chart. I have been pointing out that the SPX ( And general markets) are due to rally.
SPX as of Tuesday - That is what we see happening as the markets were green for the past 3 days.
Read MoreThat is the question...
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SPX - I'm Still expecting higher prices in the near term, with a DCL likely in place.
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