Markets opened at new highs for the year and hit 1351 ($135.22 SPY). It then traded below the 1349 pivot (Yesterday’s high of $135.02 on SPY). That was a small sell signal. If we get weaker and they don’t save them into the close, this could develop into an outside day. Stocks are not falling apart but there are a lot of topping tails in some key stocks. Some corrective action would be good…
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