Once again today, the daily model was bullish, but the index models were forecasting only a modest advance. And once again, the daily model was right but the magnitude was wrong.
Preliminarily, Monday looks like more of the same, but we’re getting very close to an historic overbought situation, and the market will most likely fall like a rock if there is any negative catalyst. But it needs that catalyst.
Have a great weekend, thanks for the opportunity to be of service, and I’ll email you again prior to the start of Monday’s trading session.
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