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Six Reasons to Stay Worried

The Compound and Friends

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RSI Reading Below 40 as a Tactical Buy Signal

We see 4,400 as the start of support. We're watching a daily RSI reading below 40 as a tactical buy signal. Stephen Suttmeyer from Bank of America calls it not a seasonal correction, a seasonal pullback, but a tactical correction. I got levels. You know what my level is? I'm watching 44.40.

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