Markets went out strong in back to back days, shedding a little optimism for at least a dead cat bounce. The Nasdaq regained its 40 week MA today, while the S&P 500 met resistance at that long term trend line. Volume was soft. Perhaps the market is gaining some momentum off 40 week support. Time will tell but as I scan through charts many are setting up handsome double bottom triggers. It is very premature, but never to early to Read the Rest…

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