Of 5,000 stocks has BROKEN uptrend line from the MArch lows,
IMHO a test of break (last larger RED candle) and a MACD sell signal, on a WEEKLY basis this move is more telling.
It isn't the NEWS, it's the reaction.
Who else has been warning that things don't add up and the 1150 SPX resistance? Also the Trans has retraced a FIB .618, in the rear view we will know more...
AT the open a LISP LADEN FLUNKEE MORON on CNBC says......."we've had a tremendous recovery in the economy......" have they NO shame?
D
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