The Perfect Rebound Trap
Yesterday the hotshots got the news that Government tax cut Financed stock buybacks by corporations will show up over the next few weeks.
The Rebounds…
- This pushed the market back up to the 2689 S&P swing point late yesterday and today up into the 2730 resistance area…
- And pushed the dollar up into new recent highs…
- And gold down into $ 1200 support levels…
- And interest rates up into recent resistance areas…
This all tries to get stocks higher for the year again…
Keep in mind, Thursday is a new Month, and only three days until we see the result of the mid-terms.
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