sheesh, every time I open my mouth I'm wrong. I was right about one thing, the low of the day friday was about 10am.
monday retailers started saying positive things, so despite sentiment shoppers are pulling their weight. Sentiment will improve just in time for the holidays.
So the head and shoulders on the naz is gone, all three indices are making new highs. time to focus on the channels, and if you are a bear and you do that you may convince yourself that the dow and s&p are showing a rising wedge, while the naz could still go as high as 2220 before hitting trendline resistance.
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