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Well PBOC is like an abusive relationship, right out of a Hollywood script "please don't make me hit you". So which one do we trust? If it is the more stimulus until it works PBOC then I guess ignore Chi PMI, count on bad enough payroll Friday to stop all rate increases and let Super Mario show us how money is printed would be the Bull plan.
SPX 50d 1942.12 just 2-3 points lower than LOD SPY 50d @ 194.13, that level goes.. look out for a possible sharp drop, neckline failure..see sPY 30m above