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Minor Extremes

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Well, it’s pretty clear that the Fed buying kicked in strong this morning. I got out of my shorter-term bearish stuff and am largely in cash now. Here are a few important indexes and their approximate ‘bounce points’ back up to resistance:

Dow Composite Index
NASDAQ Composite Index
S&P 500 Index

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