Midday Update: 2023-07-28
The morning bounce negated the near term bearish form
The gap up in the S&P 500 this morning negated my original plan for today which was a bounce that held under 4561 and a new low under that of yesterday. Now the form is messy. We still have lower highs in SPX so I’m a little reluctant to pound the table for yet another high. At the same time, while my sympathies lie with the bears, I can’t pound the tab…
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