SPY surges then falters – was that it? Maybe…
After popping 5% since my last post, the market rally fizzled but is still up 2 points from where it was. The market looks very weak here and could not even rally up to a downtrend line drawn from the April highs. Not good.
Holiday trading usually distorts things; will see what news the weekend brings but the technicals say the bear market is resuming.
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