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[jxyzobrien]

macro charts has a bullish view

ANY uptick could trigger a strong summer rally – be prepared - S&P Breadth is quite oversold
By: Macro Charts | June 19, 2021

• S&P Breadth is quite oversold.

And key Cyclical Sectors are *extremely* oversold:

• $XLY and $XLB – most extreme since MAR 2020 bottom
• $XLF tied with SEP 2020 bottom
• $XLI tied with OCT 2020 & JAN 2021 bottoms

ANY uptick could trigger a strong summer rally – be prepared.

jxyz- selling died around the fifty. tons of traders short
if they can find a way to rally and punish shorts they will.
Everyone thinks lower prices