Where’s the reversal
|S&P 500 gave us the second push higher in line with projections, and its predictably failed. The rebound attempt following the undershoot of 6,760 also showed clear signs of rejection, and 6,720 didn‘t hold either. Tough job looking for supports – expect some relief should the government reopen or Supreme Court strike down tariffs – I‘m not holding breadth, and announce to clients daily direction… and remember that Friday (close) is the most important one of the week (it‘s a weekly candle after all. At least we‘re having bonds rallying.
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