Monday, October 2nd, 2017

Markets sideways touch

This is the fourth time SPX has touched this 2000 area in last few weeks. One wonders if this will break and head lower to the 200 day moving average at 1975. The real connection may come this week. If we bounce hard and move up than this sideways move may be moot. RUT is still in sideways movement and still going on in a consolidation pattern in the weekly charts. APPL had great earnings and now it will climb higher. We will see how the earnings shape up this market in next two weeks.

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