Energy Being Lowered to Underweight as larger Crude Oil Breakdown looks near

Near-term US Equity trends remain constructive, but with $SPX and $QQQ having largely reached my prior price targets and DeMark time-based exhaustion now approximately 2-3 days away on daily charts, my view is that further upside is likely capped over the next 1-2 sessions, with $SPX unlikely to exceed 7300 and $QQQ stalling below 680. The more interesting development, however, is that Crude oil looks to be turning ...

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