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Markets Can’t Move To A New High Without Sticking The Landing

MRKT Matrix

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Stephen Rafus on the S&P 500

Rafus: The initial reaction that is faded is generally not a very constructive instance of bullish price action. There's no real catalyst and after such a steep and uncorrected run in so many stocks, there's a symmetry here. We have done this before where market opens higher, sells off to unchanged, and then spends the rest of the day rallying.

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