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Gap down within the Friday's range so likely just a range day.
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Breakdown in the next couple of bars with good looking bear bar, then it's a downtrend day, key time.
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“The S&P 500 in particular looks vulnerable from a tech pullback as more than 25% of its top holdings are tech companies.”
[Pasha here: a cursory count of Technology Sector and “Communications Services” stocks ROUGHLY verifies that 25% number]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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