Rounding second base
The market climate does not look bearish with SP500 support holding at 1260 and the NYA50R between 30 and 50. Volatility remains within nominal range for a late bull run. Market action will probably have a few more sessions of herk-jerks until enough optimism has been extinguished. According to Jeff Saut this is about day 18 of a 17-25 session downside process.
posted by Sidney Falco at
11:14 PM
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