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The SPX fell 11.74 points, DOW fell 73.4 points and Nasdaq fell 28.48 points on Friday. Market internals were bearish. The SPX finally forms a top. One of the well known facts of technical analysis is that prior resistance becomes support after being broken and prior support becomes resistance after being violated. Along the way [...]

Market Blog

Dear valued subscribers,
The SPX simply refuses to back down. It has been going up for weeks now. See the daily chart below.

However, it must be noted that the gains in the last few days were done with lower volume; a sign that it is running out of buyers. But at the same time, there’s still [...]

Market Blog