S&P 500 Fine Selling Initiative

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S&P 500 buyers weren‘t really present yesterday, and the session finally finished on a strong, one-sided bearish note with all four conditions of mine (linked to) met. Dr copper was simply right in foretelling a down day yesterday. The many bearish medium-term signs described in latest extensive analyses, are raising their heads. Aftermarket didn‘t bring any retracement attempt to speak of – instead, sellers retook initiative, and 4,154 turned into resistance. Also real assets confirm this is still a risk-off environment as illustrated by TLT jump higher. Last but not least, UK inflation data …

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