I'll keep it simple - I'm holding our 2690 level as support. I like that the Near-Term line gave us four consecutive days above 80, but we now need a reversal above 20. Yesterday the line was right at 20 and as I type this today it's above flat from yesterday. I believe we're creating a higher low on the SPX, but we do not want the NT line to fall below 20 and create a lower high.
Hope you're all having a great day!
Craig
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Sorry, Anju. I will be staying with the US Stock Markets for this blog.
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