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…

  1. This pushed the market back up to the 2689 S&P swing point late yesterday and today up into the 2730 resistance area…
  2. And pushed the dollar up into new recent highs…
  3. And gold down into $ 1200 support levels…
  4. 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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