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cletus wrote:It's worth noting that we are approaching what has been traditionally the low of the year from this point forward. Only 2011 had the market finish lower than the closes in and around late June/early July. The conditions of the current market are not all similar to 2011, so I would expect a low pivot for the year to be made soon, followed by a year end ralling to +10% or more (a typical bull year). This year has been more resilient and less prone to corrections than prior years, but it also has had less movement up.
Nice chart, is it possible to add an average thick line?
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PANTS ON FIRE:
Many ETFs have been leaping above their upper bolinger bands, including:
IWM, ITB, XHB, XIV, XLF, XLY, XRT, XLV, PJP, et.al.
That won’t last much longer……
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.