Adjusting Accordingly

spx_weekly

Bearish reversal bars on the daily chart of the major indexes looks ominous.

But we’ve been here before in this market.

Just when it looks like things are going to turn down it heads higher.

We’re not frustrated or anticipating anything at this juncture.

The market does whatever it wants whenever it wants.

Should further evidence stack up to the Bearish bias we’ll adjust our bias accordingly.

For the record, that was Distribution posted on the Dow and Nasdaq.

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