There’s just too much overhead. The indicators don’t set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don’t clear that, bears have the ball.
If they clear it, bulls maintain possession, but the goal line is at 4607. No touchdown and victory celebration for them without crossing that.
More later! Meanwhile, the big picture.
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Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens
When the Fed Balance Sheet Will Hit the Fan
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