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Monday saw many areas of the markets doing pretty much what was expected, pulling back, consolidating, and just plain ole bouncing around.
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Read MoreLets discuss what I think we are going to see going forward from here. Just like we have seen in the past, it will NOT be a straight move in one direction, I expect volatility along the way. The above picture helps us to see what to expect 🙂
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SPX- After a nice multi week rally, I have been saying that we are due for a pull back. I do not think that the 3 day pull back that we got is all that we will get, even though that was a reversal candle on Thursday. We are at resistance for 1 thing, and ...
Read MoreThe markets have a way of maintaining themselves, and that is through corrections. I believe we have started a few 'corrections' now. Any pain from these corrections should be short lived this week, since the markets are actually closed Friday in the U.S. Today is the last trading day of the week. Lets take a look at the markets.
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SPX - I have been pointing out this rising bear wedge for a while, expecting a correction. I believe that it has started.
The Dow looks the same
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