“Bad news is good news” for Equities as yields plunge on economic data

Despite Tuesday’s strong surge, hourly overbought conditions when weekly momentum is negative don’t normally represent the ideal time to chase a three-day rally.  While I am bullish for SPX gains in September, it looks like a poor risk/reward in the short run heading into a very busy end of the month. 

My bottom line thoughts haven’t changed.  “While I suspected a low was close, I cannot yet confirm that it...

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