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August Stock Market Range Top

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Just a quick recap to acknowledge the obvious: the entire month of August 2019 has been a range-bound circus, and as of this writing, we’re mashed to the tippy-top of it.

I think this points to an extremely exciting September, because this week’s rally be damned, August created some key breaks in the market, and there are fantastic setups before us. In this environment, I think psychological control is far more important than steely-eyed chart analysis.

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