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S&P 500 remains close to the top of a trading range, created by some of the more important highs and lows of the past few years, line (1)!
Game plan….If you are a long-term investor and own the 500-index, if line (3) is broken to the downside, harvesting long positions should be done to protect values. Active investors, we have no position in the 500 index at this time, we are attempting to score on defense with ownership in RMW & FXP.
