Earnings are coming up so we will see how the market responds. For now with all the poor numbers coming out on the breadth and new highs side, my inclination is to expect the market to go down. However, many charts still look great and as you can see from prior post there were some nice ones today. I take it as a signal market needs to pullback here and consolidate for a move higher. If the charts do breakdown that assumption will be ripped to shreds.
Get ready for earnings. I wonder if it will bring some higher volatility to the markets?
Aloha
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