Not going to bet next move BUT we are approaching a resistance area on SPX at around 2130. There could be a stall there. if it does occur we could go back to perhaps 2040. if it does break that number we can be seeing the much awaited deep correction. I give those odds however as slim right now.
It looks and feels as if we do need some back fill to revamp the engine for another rally. I just don't see a breakdown event anytime soon that would put us in the bear camp.
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