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A Captivating Analog

This is a syndicated repost courtesy of Slope of Hope – Technical Tools for Traders. To view original, click here. Reposted with permission.

I was glaring at the insanely tiny ranges of the past few weeks when it occurred to me there was only one other time that I recall seeing such a phenomenon, and that was………….just before the Covid crash! The old saying is never to short a dull market. I don’t see the logic to that. If you compare the past few months to the late December/early January period of 2019/2020, you’ll find the action on the SPY remarkably similar:

And just in case anyone is psychotic enough to consider the market reasonably priced:

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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