The stock indexes are making small daily movements in a very crucial situation. Will it be a big double top with a powerful drop or can SP500 break on upside and join NAS and SWED in what so far seems to be new waves on upside.Every close is very important right now. There are news 14:30 Thursday regarding Durable goods orders and Jobless claims and most important GDP at the same time Friday. The bond market is strong and funds are moving back into bonds. Friday weekly and monthly close of the indexes are very important for the immediate outlook. Precious metals is back in uptrends as bonds and the dollar is moving sideways.
A double top or triple top in the monthly charts is in the cards and a perfect monthly close for SP500 would be 847:88. Why, I will tell you if it happens.
A double top or triple top in the monthly charts is in the cards and a perfect monthly close for SP500 would be 847:88. Why, I will tell you if it happens.
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