On Track

Our forecast remains on track.  Since calling the 1422 top, we’re up a little over 20% on a cash basis (versus -6.5% for SPX) in a little over seven weeks.  We’re likely to pause around 1330, as this represents a key TL on RSI as well as the neckline of one of our recent H&S patterns.  The chart below shows several key price levels coming up.


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