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Most people expected a bounce today, but it didn't happen. Market was looking for direction.
30yr and 10yr yields went down, and 3mo yield went up, bearish for stock market.
We're almost at the end of the triangle now. We'll find out, tomorrow morning or tonight, which direction market wants to go.
Bulls need a HUGE bounce from here, otherwise, MACD may form a dead crossing.
HT. |
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