Charts I’m Watching: Jul 9, 2021

Investors got a taste of reality yesterday, and it was a little scary. Whether COVID, inflation, tapering or just plain exhaustion from the constant meltup, markets remain very overdue for at least a pause. The charts suggest it will be significant.Of course, with ES holding its new, higher 10-day moving average overnight, we’re supposed to believe everything will be okay. Stay tuned.

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