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Several resistance lines remain in place per the broad market! At the same time though support off of the 2009 lows has not been taken out! With so many of the markets around the world looking the same/correlation is extremely high…the market does remain fairly high risk right now (see “Look Alike”)
Game Plan…Harvested and have stepped aside. Letting the bulls and bears go bath and forth (see caught in the middle)
Gary…it is below the bottom line by a couple of percent. For sure could be very key for the global markets!
Wondering if you would like to comment on the big drop of the SHanghai, do you think it has broken out of the flag pattern?