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Strategies & Market Trends : News Links and Chart Links

SPXL 214.97

+2.8%

Nov 25 4:00 PM EST

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From: Les H	8/23/2023 10:44:09 AM
	of 29600

Ratio of bonds over stocks reaching an interesting juncture, one that could be signalling a notable peak in the equity market. Momentum indicators continue to show signs of bottoming in the short-term as the Full Stochastic Oscillator emerged from oversold territory below 20. MACD and RSI remain below their middle lines, struggling to recoup the characteristics of a bullish trend that had been persistent since April. Levels down to the June breakout point at 4200 remain fair game as part of this period of normal volatility/weakness for the market during August and September, but a short-term reprieve in the selling pressures is being sought surrounding the normally upbeat Labor day holiday timeframe. Money managers will be taking their final vacations of the summer in the days ahead and will avoid holding any offside/bearish bets while away from their desks. The weakest time of the year for stocks spanning the last couple of weeks of September is still ahead. equityclock.com He's probably referring to this: longtermtrends.net

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