Bears Caught Off Guard

spx_weekly

Wednesday’s sharp turn around from recent selling undoubtedly caught some Bears off guard.

Lot’s of smart money folks out forecasting lower prices for the major indexes.

Reality is we’re still very much living in a Bull’s script.

Accumulation of shares from institutions has been a dominant theme for this market.

But weakness in Tech shares for the past couple weeks could be a precursor for broader action to come.

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